CAC 40 Slips As Investors Look To ECB

RTTNews | 581 gün önce
CAC 40 Slips As Investors Look To ECB

(RTTNews) - French stocks traded slightly lower on Wednesday as traders waited to see if the European Central Bank would raise rates on Thursday against the backdrop of weakening economic activity and cooling inflation.

Investors also kept a close eye on the Middle East war as the Israel Défense Forces (IDF) gear up for a significant ground offensive in the Gaza Strip.

The benchmark CAC 40 was down 15 points, or 0.2 percent, at 6,878 after gaining 0.6 percent the previous day.

China-exposed luxury group Kering lost 3 percent after revenue declined in Q3. Dassault Systemes jumped 6.3 percent after the software maker raised its 2023 profit outlook.

Industrial-gas supplier Air Liquide rose about half a percent after the company said its project backlog and investment plans are at record levels.

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U.S. Dollar Rises As Traders Await FOMC Minutes

U.S. Dollar Rises As Traders Await FOMC Minutes

The U.S. dollar strengthened against other major currencies in the Asian session on Wednesday, as traders await the minutes from May's FOMC meeting due later in the day.
RTTNews | 48 dakika önce
NZ Dollar Rises After RBNZ Rate Decision

NZ Dollar Rises After RBNZ Rate Decision

The New Zealand dollar recovered from recent lows against other major currencies in the Asian session on Wednesday, after the Reserve Bank of New Zealand reduced its benchmark rate by a quarter-point, as widely expected.
RTTNews | 1s 50 dakika önce
European Economic News Preview: Germany Unemployment Data Due

European Economic News Preview: Germany Unemployment Data Due

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RTTNews | 2s 36 dakika önce
European Shares Seen Flat To Lower At Open

European Shares Seen Flat To Lower At Open

European stocks are seen opening flat to slightly lower on Wednesday, with Nvidia earnings and minutes from May's FOMC meeting likely to be in focus.
RTTNews | 2s 47 dakika önce
New Zealand Cuts Interest Rate By 25 Bps As Expected

New Zealand Cuts Interest Rate By 25 Bps As Expected

The Reserve Bank of New Zealand reduced its benchmark rate by a quarter-point, as widely expected on Wednesday, as higher trade tariffs and increased policy uncertainties overseas are set to weigh on domestic economic outlook. The Monetary Policy Committee, led by acting governor Christian Hawkesby, decided to cut the Official Cash Rate by 25 basis points to 3.25 percent. The decision was passed
RTTNews | 3s 9 dakika önce
NZ Dollar Recovers Against Majors

NZ Dollar Recovers Against Majors

The New Zealand dollar recovered from recent lows against other major currencies in the Asian session on Wednesday.
RTTNews | 3s 39 dakika önce