CAC 40 Extends Losses On Rate Worries

RTTNews | 789 วันที่ผ่านมา
CAC 40 Extends Losses On Rate Worries

(RTTNews) - French stocks inched lower on Friday amid lingering worries about inflation and rising interest rates.

French business activity contracted in June for the first time in five months, data showed earlier today, adding to investor worries about slowing growth.

The benchmark CAC 40 was down 15 points, or 0.2 percent, at 7,188 after ending 0.8 percent lower the previous day.

The euro fell after separate data showed the bloc's growth virtually stalled this month. The dollar is also benefiting from a bout of risk aversion following hawkish comments from global central banks.

In corporate news, Capgemini SE shares rose half a percent. The IT services and consulting company has signed a share purchase agreement to acquire BTC Corp., a Japanese cloud and digital services provider for an undisclosed amount.

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UK Inflation Hits 18-Month High

UK Inflation Hits 18-Month High

UK consumer price inflation accelerated to an 18-month high in July on airfares and food prices, suggesting that the Bank of England is likely to delay further easing. The consumer price index posted an annual growth of 3.8 percent after rising 3.6 percent in June, the Office for National Statistics reported Wednesday.
RTTNews | 28 นาทีที่ผ่านมา
Asian Shares Mixed As Tech Stocks Track Declines In US Peers

Asian Shares Mixed As Tech Stocks Track Declines In US Peers

Asian stocks ended mixed on Wednesday as investors locked in profits in tech stocks amid concerns over valuations and reports of potential U.S. government equity stakes in major chipmakers.
RTTNews | 39 นาทีที่ผ่านมา
Australian Dollar Falls Amid RBA Rate Cut Speculation

Australian Dollar Falls Amid RBA Rate Cut Speculation

The Australian dollar weakened against other major currencies in the Asian session on Wednesday, as traders expect two or more rate cuts if inflation continues to decline as anticipated. Earlier this month, the Reserve Bank of Australia (RBA) lowered its cash rate to 3.60 percent from 3.85 percent, as widely expected.
RTTNews | 1 ชม. 17 นาทีที่ผ่านมา
New Zealand Hints At More Interest Rate Cuts

New Zealand Hints At More Interest Rate Cuts

The Reserve Bank of New Zealand reduced its key interest rate by 25 basis points to a three-year low and hinted at further easing on Wednesday. The Monetary Policy Committee, governed by Christian Hawkesby, voted to lower the Official Cash Rate to 3 percent from 3.25 percent. The bank has reduced the rate by 250 basis points since August 2024.
RTTNews | 1 ชม. 32 นาทีที่ผ่านมา
NZ Dollar Slides As RBNZ Cuts Rate By 25 Bps

NZ Dollar Slides As RBNZ Cuts Rate By 25 Bps

The New Zealand dollar weakened against other major currencies in the Asian session on Wednesday, after the Reserve Bank of New Zealand decided to cut its key interest rate by 25 basis points and signaled further easing.
RTTNews | 2 ชม. 53 นาทีที่ผ่านมา
European Economic News Preview: UK Inflation Data Due

European Economic News Preview: UK Inflation Data Due

Consumer prices from the UK and the euro area due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics publishes UK consumer prices for July. Inflation is seen rising to 3.7 percent in July from 3.6 percent in the previous month.
RTTNews | 3 ชม. 14 นาทีที่ผ่านมา
China Leaves Benchmark Interest Rate Unchanged

China Leaves Benchmark Interest Rate Unchanged

The People's Bank of China maintained its interest rates on Wednesday, as Beijing focus on fiscal policy easing and more targeted measures. The central bank left its one-year loan prime rate at 3.0 percent. Similarly, the five-year LPR, the benchmark for mortgage rates, was retained at 3.50 percent. The bank had reduced its both LPRs by quarter points in October 2024.
RTTNews | 3 ชม. 24 นาทีที่ผ่านมา