CAC 40 Slides As Investors Await Powell's Speech

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CAC 40 Slides As Investors Await Powell's Speech

(RTTNews) - French stocks were sharply lower on Thursday amid concerns over rising Treasury yields and lingering Middle East tensions.

Bond yield surged in Europe, with Germany's 10-year government bond yield, the benchmark for the euro area, rising 3 basis points (bps) to 2.95 percent ahead of Fed Chair Jerome Powell's speech later in the day.

The benchmark CAC 40 was down 65 points, or 0.9 percent, at 6,900 after declining 0.9 percent on Wednesday.

Carmaker Renault plunged almost 8 percent after currency depreciations in Turkey and Argentina weighed heavily on the pace of sales growth in the third quarter.

Channel tunnel operator Getlink gained about 1 percent after posting a marginal rise in Q3 revenue.

Pernod Ricard soared 5 percent after the spirts maker forecast higher sales in fiscal year 2023-24.

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Singapore Bourse May Be Stuck In Neutral

Singapore Bourse May Be Stuck In Neutral

The Singapore stock market has ticked higher in back-to-back sessions, collecting just 6 points or 0.15 percent in that span. The Straits Times Index now sits just above the 3,880-point plateau, although it may spin its wheels on Thursday.
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Japan Core Machinery Orders Surge In March

Japan Core Machinery Orders Surge In March

The total value of core machinery orders in Japan spiked 13.0 percent on month in March, the Cabinet Office said on Thursday - coming in at 1,090.9 billion.
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Losing Streak May Continue For Malaysia Stock Market

Losing Streak May Continue For Malaysia Stock Market

The Malaysia stock market has finished lower in five straight sessions, giving up almost 40 points or 2.8 percent along the way. The Kuala Lumpur Composite Index now sits just shy of the 1,545-point plateau and it's expected to open under pressure again on Thursday.
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Japan Stock Market May Extend Wednesday's Losses

Japan Stock Market May Extend Wednesday's Losses

The Japanese stock market moved back to the downside again on Wednesday, one day after ending the four-day losing streak in which it had slumped more than 700 points or 2 percent. The Nikkei 225 now sits just beneath the 37,300-point plateau and it may take further damage again on Thursday.
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South Korea Shares May Open In The Red On Thursday

South Korea Shares May Open In The Red On Thursday

The South Korea stock market on Wednesday ended the two-day slide in which it had slipped more than 25 points or 0.9 percent. The KOSPI now rests just above the 2,625-point plateau, although it's likely to hand back those gains again on Thursday.
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Japan Core Machinery Order Data Due On Thursday

Japan Core Machinery Order Data Due On Thursday

apan will on Thursday release March figures for core machinery orders, highlighting a busy day for Asia-Pacific economic activity. Orders are expected to slip 1.5 percent on month and 2.5 percent on year after rising 4.3 percent on month and 1.5 percent on year in February.
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Pound Advances After U.K. Inflation Data

Pound Advances After U.K. Inflation Data

The pound was higher against its major counterparts in the New York session on Wednesday, after data showing an acceleration in consumer price inflation in the month of April.
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