CAC 40 Retreats On Recession Worries
(RTTNews) - French stocks tumbled on Thursday amid worries that steep interest-rate hikes could tip the world's largest economy into a recession.
Fed Governor Christopher Waller is scheduled to speak later today amid speculation the Federal Reserve could raise its target fed funds rate by 1 percentage point at its July 26-27 meeting.
June's producer price report may also offer more clues on what the Fed might do.
On the earnings front, major U.S. banks JPMorgan Chase and Morgan Stanley will report their financial results.
The benchmark CAC 40 was down 70 points, or 1.2 percent, at 5,930 after closing 0.7 percent lower in the previous session.
The dollar resumed its relentless rise today, charting new 24-year highs against the yen and pinning the euro close to parity.
Indonesia Bourse Due For Consolidation On Friday
Australian Market Modestly Higher
Hong Kong Shares Tipped To Open In The Red
China Shares Likely Rangebound Again On Friday
Soft Start Seen For Taiwan Stock Market
Japan GDP Climbs 0.3% In Q2
Little Movement Seen For Singapore Stock Market
