Advertisement
CAC 40 Edges Higher Despite Sticky US Inflation
(RTTNews) - French stocks were slightly higher on Wednesday as investors continued to bet on at least a 25-bps rate cut by the Federal Reserve in June.
After February's U.S. core CPI inflation surprised with an acceleration, traders shifted their focus to U.S. producer price inflation and retail sales figures due this week to gauge the Federal Reserve's potential path for interest rate cuts.
The Federal Open Market Committee (FOMC) meets on March 19 and 20, with investors awaiting fresh signals of possible rate cut timings.
The benchmark CAC 40 was up 14 points, or 0.2 percent, at 8,101 after adding 0.8 percent on Tuesday.
The dollar index was up modestly in European trade while the S&P 500 eyed its 18th record close of 2024.
read more
Sensex, Nifty Snap Six-day Winning Streak On Tariff Concerns
Indian shares fell sharply on Friday after a Trump administration official called India the 'Maharaja' of tariffs and ramped up his criticism over the trade ahead of an expected tariff increase on August 27.
RTTNews
|
26 minuter sedan
FTSE 100 Down Slightly; Standard Chartered Shares Up Sharply
U.K. stocks are turning in a mixed performance in cautious trade on Friday, amid a lack of fresh triggers. Investors are awaiting Fed Chair Jerome Powell's speech later in the day at the Jackson Hole Symposium, for clues about U.S. central bank's interest rate move next month.
RTTNews
|
32 minuter sedan
U.S. Dollar Rises Ahead Of Fed's Powell Speech
The U.S. dollar strengthened against other major currencies in the European session on Friday, as traders expect speech by Fed Chair Jerome Powell at the Jackson Hole Symposium.
RTTNews
|
36 minuter sedan
CAC 40 Up Slightly In Lackluster Trade
French stocks are mostly subdued on Friday with investors refraining from making significant moves, choosing to wait for key speeches from central bank chiefs at the Jackson Hole Symposium. The focus is on Fed Chair Jerome Powell's speech for clues about interest rate cuts in September.
RTTNews
|
53 minuter sedan
U.S. Dollar Rises Against Majors
The U.S. dollar strengthened against other major currencies in the European session on Friday.
RTTNews
|
1h 5minuter sedan
DAX Up Marginally In Cautious Trade Ahead Of Powell's Speech At Jackson Hole
German stocks are up in positive territory on Friday, amid selective buying ahead of Federal Reserve Chair Jerome Powell's speech at Jackson Hole Symposium later in the day.
RTTNews
|
1h 11minuter sedan
European Shares Inch Higher In Cautious Trade
European stocks were flat to slightly higher on Friday ahead of Federal Reserve Chair Jerome Powell's highly anticipated Jackson Hole speech.
RTTNews
|
1h 39minuter sedan
Asian Shares Mixed In Cautious Trade Before Powell Speech
Asian stocks turned in a mixed performance on Friday as some strong U.S. economic data and hawkish comments from several Federal Reserve officials prompted traders to reduce their expectations for imminent rate cuts.
RTTNews
|
2h 1minuter sedan
