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CAC-40 Declines As Yield Spike And Geopolitics Weigh
(RTTNews) - The CAC-40 benchmark slipped in Monday's trade as markets weighed the geopolitical concerns, anxiety about the ECB decision, the rise in bond yields as well as corporate earnings updates.
The CAC-40 is currently trading at 6,797.41, dropping 0.28 percent from the previous close of 6,816.22. The day's trading has been between 6,773.82 and 6,834.87.
Only 14 of the 40 scrips in the index are currently trading in positive territory. Thales and L'Oreal Renault topped with gains of more than 1.2 percent.
Worldline slipped close to 7 percent followed by Teleperformance that declined 2.8 percent.
The EUR/USD gained 0.13 percent to trade at 1.0607, whereas the Dollar Index edged down 0.01 percent to trade at 106.15.
Yields on France's ten-year bonds have increased 1.81 percent to 3.575%.
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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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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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3h 43minuter sedan
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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3h 44minuter sedan
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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5h 53minuter sedan
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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7h 56minuter sedan
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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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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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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10h 14minuter sedan
