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CAC 40 Declines As Growth Worries Deepen
(RTTNews) - French stocks were moving lower on Thursday after data showed U.S. retail sales fell by the most in a year in December, raising concerns about consume spending and the health of the economy.
Weak readings on producer prices and industrial production for the month also stoked concerns over the outlook for economic growth and corporate earnings.
The benchmark CAC 40 dropped 34 points, or half a percent, to 7,048 after ending flat with a positive bias on Wednesday.
Oil & gas stocks fell, with TotalEnergies declining more than 1 percent as crude prices fell nearly $1 a barrel on concerns about the outlook for fuel demand.
Banks BNP Paribas, Credit Agricole and Societe Generale all fell around 1 percent.
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European Shares Set To Extend Losses Amid Risk Aversion
European stocks are seen opening on a cautious note Tuesday as concerns persist over tech valuations and the outlook for U.S. interest rates.
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Canadian Dollar Drops Against Most Majors
The Canadian dollar weakened against most major currencies in the Asian session on Tuesday.
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NZ Dollar Slides Against Most Majors
The New Zealand dollar weakened against most major currencies in the Asian session on Tuesday.
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Australian Dollar Falls Against Majors
The Australian dollar weakened against other major currencies in the Asian session on Tuesday.
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Indian Shares Open Lower As Investors Await Nvidia Earnings And US Jobs Data
Indian shares opened lower on Tuesday, mirroring weak cues from global markets as investors braced for delayed September U.S. jobs data and earnings from Nvidia.
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Australian Market Extends Early Sharp Losses In Mid-market
The Australian stock market is extending its early sharp losses in mid-market trading on Tuesday, reversing the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near 8,500 level, with weakness across most sectors led by mining and technology stocks.
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Asian Markets A Sea Of Red
Asian stock markets are a sea of red on Tuesday, following the broadly negative cues from Wall Street overnight, amid ongoing concerns about the market valuation, especially among technology shares, and the diminishing prospects of an interest rate cut by the US Fed next month. The US dollar also strengthened against major currencies in the region. Asian markets closed mixed on Monday.
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Indian Shares Set To Follow Global Peers Lower
Indian shares look set to open on a sluggish note Tuesday as concerns prevail over tech valuations and the outlook for U.S. interest rates.
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