CAC 40 Slips On Rate Hike Worries

RTTNews | Pred 973 dňami
CAC 40 Slips On Rate Hike Worries

(RTTNews) - French stocks were moving lower on Thursday after the U.S. Federal Reserve and Swiss National Bank both hiked their key policy rates by 75 basis points, adding to worries of a global economic slowdown.

Investors looked forward to the Bank of England (BOE) Monetary policy summary and interest rate decision later in the day for further direction on the rate outlook.

In economic releases, the confidence among French manufacturers eased further as expected in September, though marginally, survey results from the statistical office Insee showed.

The manufacturing confidence index dropped to 102 in September from 103 in August. That was in line with economists' expectations.

The benchmark CAC 40 slipped 10 points, or 0.2 percent, to 6,022 after climbing 0.9 percent in the previous session.

Hospitality firm Accor slumped 7.6 percent after investment bank JP Morgan cut its rating on the stock from neutral to underweight, saying the group would not be able to return to its previous level of profitability.

read more
Antipodean Currencies Fall, Yen Gains Amid Risk-off Sentiment

Antipodean Currencies Fall, Yen Gains Amid Risk-off Sentiment

The Antipodean currencies such as the Australia and the New Zealand dollars weakened against their major currencies in the Asian session on Thursday on increased risk-off sentiment, following the broadly negative cues from Wall Street overnight, amid rising treasury yields on concerns about the fiscal impact of a new U.S. tax bill on the country's deficit. The lack of clear progress on new trade deals is also weighing on the markets.
RTTNews | Pred 1 h 26 min
European Economic News Preview: Eurozone Flash PMI Data Due

European Economic News Preview: Eurozone Flash PMI Data Due

Flash purchasing managers' survey results from the major euro area economies and business sentiment from Germany and France are due on Thursday, headlining a hectic day for the European economic news. At 2.00 am ET, the Office for National Statistics publishes UK public sector finance data for April. The budget deficit is forecast to rise to GBP 18 billion from GBP 16.4 billion in March.
RTTNews | Pred 2 h 30 min
Yen Rises Against Majors

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the Asian session on Thursday.
RTTNews | Pred 2 h 31 min
NZ Dollar Slides Against Majors

NZ Dollar Slides Against Majors

The New Zealand dollar strengthened against other major currencies in the Asian session on Thursday.
RTTNews | Pred 2 h 46 min
Sensex, Nifty Tumble On US Fiscal Concerns

Sensex, Nifty Tumble On US Fiscal Concerns

Indian shares were sharply lower on Thursday after Wall Street saw one of its most brutal selling sessions overnight in over a month on concerns about deteriorating U.S. fiscal outlook.
RTTNews | Pred 3 h 12 min
Australian Market Slightly Trims Early Losses In Mid-market

Australian Market Slightly Trims Early Losses In Mid-market

The Australian market is slightly trimming its early losses in mid-market moves on Thursday, reversing the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,350 level, with weakness across most sectors led by and technology and energy stocks. Gold miners are the only bright spot.
RTTNews | Pred 4 h 1 min