Advertisement
CAC 40 Dips On US Debt Ceiling Worries
(RTTNews) - French stocks were slightly lower in cautious trade on Wednesday as investors awaited U.S. consumer price inflation data later in the day for additional clues on the Federal Reserve's rate hike path.
Also weighing on sentiment, a high stakes meeting between U.S. President Joe Biden and key lawmakers from both parties on Tuesday yielded no breakthrough on the impasse over the U.S. debt ceiling.
The benchmark CAC 40 was down 15 points, or 0.2 percent, at 7,381 after losing 0.6 percent in the previous session.
Lender Credit Agricole rallied nearly 5 percent after posting a record performance in the first quarter on higher trading revenue.
Train maker Alstom slumped 5.7 percent after delaying its mid-term targets.
read more
Pound Rises Against Majors
The British pound strengthened against other major currencies in the European session on Wednesday.
RTTNews
|
Pred 24 minútami
U.S. Dollar Rises Amid Reduced Bet On Fed Rate Cut, FOMC Minutes
The U.S. dollar strengthened against most major currencies in the Asian session on Wednesday, due to reduced bets on the U.S. Fed's more aggressive policy easing.
RTTNews
|
Pred 39 minútami
Yen Rises Amid BoJ Rate Hike Speculation
The Japanese yen strengthened against other major currencies in the Asian session on Wednesday, as traders expect that the Bank of Japan (BoJ) may raise interest rates by the end of the year in accordance with its policy normalization path.
RTTNews
|
Pred 1 h 2 min
European Shares Edge Lower Following US Tech Selloff
European stocks were subdued on Wednesday after closing at five-month high in the previous session on news of a potential Ukraine-Russia summit.
RTTNews
|
Pred 1 h 15 min
UK Inflation Hits 18-Month High
UK consumer price inflation accelerated to an 18-month high in July on airfares and food prices, suggesting that the Bank of England is likely to delay further easing. The consumer price index posted an annual growth of 3.8 percent after rising 3.6 percent in June, the Office for National Statistics reported Wednesday.
RTTNews
|
Pred 1 h 31 min
Asian Shares Mixed As Tech Stocks Track Declines In US Peers
Asian stocks ended mixed on Wednesday as investors locked in profits in tech stocks amid concerns over valuations and reports of potential U.S. government equity stakes in major chipmakers.
RTTNews
|
Pred 1 h 42 min
Australian Dollar Falls Amid RBA Rate Cut Speculation
The Australian dollar weakened against other major currencies in the Asian session on Wednesday, as traders expect two or more rate cuts if inflation continues to decline as anticipated.
Earlier this month, the Reserve Bank of Australia (RBA) lowered its cash rate to 3.60 percent from 3.85 percent, as widely expected.
RTTNews
|
Pred 2 h 20 min
New Zealand Hints At More Interest Rate Cuts
The Reserve Bank of New Zealand reduced its key interest rate by 25 basis points to a three-year low and hinted at further easing on Wednesday. The Monetary Policy Committee, governed by Christian Hawkesby, voted to lower the Official Cash Rate to 3 percent from 3.25 percent. The bank has reduced the rate by 250 basis points since August 2024.
RTTNews
|
Pred 2 h 35 min
