CAC 40 Declines On Growth Concerns

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CAC 40 Declines On Growth Concerns

(RTTNews) - French stocks fell sharply on Wednesday, with concerns about energy shortages and spiraling inflation keeping investors nervous.

French consumer confidence weakened more-than-expected in September and fell back to July's 9-year low after rebounding slightly in August, monthly survey results from the statistical office Insee showed earlier today.

The consumer confidence index fell to 79.0 in September from 82.0 in August. Economists had forecast the index to fall to 80.0.

The latest reading was the weakest since June 2013, when it was also 79.0.

The benchmark CAC 40 was down 76 points, or 1.3 percent, at 5,678 after closing 0.3 percent lower the previous day.

The dollar marched to a new 20-year high and government bond yields surged after several Fed officials reiterated their hawkish stance toward interest-rate hikes.

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European Economic News Preview: UK GDP & Foreign Trade Data Due

European Economic News Preview: UK GDP & Foreign Trade Data Due

Monthly GDP estimates and foreign trade from the UK and flash quarterly national accounts and employment from the euro area are due on Thursday. At 2.00 am ET, the Office for National Statistics releases UK GDP, industrial output and foreign trade data. The economy is forecast to grow 0.2 percent on a monthly basis in June, reversing a 0.1 percent fall in May.
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Yen Rises Against Majors

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the Asian session on Thursday.
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Sensex, Nifty Marginally Higher Ahead Of US-Russia Talks

Sensex, Nifty Marginally Higher Ahead Of US-Russia Talks

Indian shares were marginally higher in early trade on Thursday, mirroring mostly positive cues from global markets ahead of the August 15 meeting between the U.S. President Donald Trump and his Russian counterpart Vladimir Putin.
RTTNews | 2h 11minuter sedan
Australian Market Extends Early Gains In Mid-market

Australian Market Extends Early Gains In Mid-market

The Australian market is extending early gains in mid-market moves on Thursday, reversing the losses in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up to near the 8,900 level to fresh all-time highs, with gains in mining, energy and financial stocks.
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Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Thursday, following the broadly positive cues from Wall Street overnight, on continued optimism over the outlook for interest rates, with the US Fed widely expected to lower rates by a least a quarter point next month. Asian markets closed mostly higher on Wednesday.
RTTNews | 3h 31minuter sedan
Thai Stock Market May Tick Higher Again On Thursday

Thai Stock Market May Tick Higher Again On Thursday

The Thai stock market bounced higher again on Wednesday, one session after ending the four-day winning streak in which it had surged almost 50 points or 4.1 percent. The Stock Exchange of Thailand now sits just above the 1,275-point plateau and it may add to its gains from the previous session.
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