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CAC 40 Dips On Growth Concerns
(RTTNews) - French stocks were moving lower on Thursday, with a lack of information on China's COVID outbreak and fears of a global recession weighing on sentiment.
Experts have expressed deep concerns that China may not be sharing data on any signs of evolving strains that could spark fresh outbreaks in countries around the world.
After Beijing announced plans to reopen its borders, Italy, Japan, Taiwan, India and the United States have announced mandatory tests on visitors from China.
Investors also fretted about the impact of the Fed's monetary tightening on global growth heading into 2023.
The benchmark CAC 40 was down 15 points, or 0.2 percent, at 6,492 after losing 0.6 percent the previous day.
China-exposed luxury firms such as LVMH and Kering were moving lower as uncertainties mount over China.
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Swiss Market Ends On Weak Note
After spending a few minutes in positive territory at the start, Switzerland stock market's benchmark SMI drifted down and then stayed weak right through the trading session on Wednesday, with investors digesting corporate earnings updates and looking ahead to the Federal Reserve's rate decision due later in the day.
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1ч 27мин назад
Fed Announces Widely Expected Decision To Cut Rates By Another Quarter Point
After cutting interest rates for the first time this year in September, the Federal Reserve on Wednesday announced its widely expected decision to lower rates by another quarter point. The Fed said it decided to lower the target range for the federal funds rate by 25 basis points to 3.75 percent to 4.0 percent in support of its dual goals.
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1ч 54мин назад
Major European Markets Close On Mixed Note Ahead Of Fed Rate Decision
European stocks turned in a mixed performance on Wednesday with investors reacting to a slew of earnings announcements, and looking ahead to the monetary policy announcement from the Federal Reserve later in the day, and the upcoming meeting between U.S. President Donald Trump and his Chinese counterpart Xi Jinping.
Investors also looked ahead to the ECB's policy announcement due tomorrow.
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1ч 56мин назад
Canadian Market Drifts Lower After BoC Rate Decision; Energy, Materials Shares Rise
The Canadian market is down in negative territory around noon on Wednesday, weighed down by losses in consumer, healthcare, industrials and real estate sectors.
Investors are digesting the Bank of Canada's rate cut decision, and looking ahead to the Federal Reserve's interest rate announcement due later in the day.
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4ч 4мин назад
U.S. Pending Home Sales Unexpectedly Unchanged In September
After reporting a sharp increase by pending home sales in the U.S. in the previous month, the National Association of Realtors released a report on Wednesday showing pending home sales unexpectedly came in flat in the month of September. NAR said its pending homes sales index was unchanged at 74.8 in September after surging by 4.2 percent in August.
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6ч 8мин назад
Bank Of Canada Cuts Interest Rates By Another Quarter Point
The Bank of Canada on Wednesday announced its widely expected decision to lower interest rates once again, cutting rates by a quarter point for the second consecutive meeting. The Canadian central bank said it reduced its target for the overnight rate by 25 basis points to 2.25 percent, with the Bank Rate at 2.5 percent and the deposit rate at 2.20 percent.
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6ч 10мин назад
Bay Street Likely To Open Higher; BoC, Fed Rate Announcements Eyed
Canadian stocks are likely to open on a positive note on Wednesday, tracking firm oil and metal prices. Expectations of interest rate cuts by the Bank of Canada and the Federal Reserve may also contribute to a steady open on Bay Street.
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7ч 47мин назад
FTSE 100 Advances As Miners, Pharma Stocks Rally
The U.K. market is up firmly in positive territory on Wednesday, led by gains in mining and pharmaceutical sectors, thanks to a rebound in metal prices and stronger than expected earnings from drug major GSK.
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8ч 25мин назад
