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CAC 40 Subdued On Rate Hike Jitters
(RTTNews) - French stocks were little changed in cautious trade on Wednesday, a day after Federal Reserve Chair Jerome Powell flagged sharper rate hikes to rein in stubbornly high inflation depending on incoming data.
It is now believed that the Fed would revert to a 50-basis point rate hike at the March 21-22 policy meeting instead of 25 bps expected earlier.
The dollar climbed to three-month highs and the U.S. yield curve inverted further, denting demand for riskier assets.
The benchmark CAC 40 was marginally lower at 7,332 after declining half a percent the previous day.
Aerospace and defense company Thales Group tumbled 3 percent despite posting higher earnings and sales for 2022.
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Indonesia GDP Growth Slows In Q3
Indonesia's economic growth softened in the third quarter as anti-government unrest weighed on household consumption, official data showed Wednesday. Gross domestic product grew 5.04 percent on a yearly basis in the third quarter, slower than the 5.12 percent expansion seen in the second quarter.
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1h 3phút trước
Commodity Currency's Slide Amid Risk-off Mood
The commodity currencies such as the Australia, the New Zealand and Canadian dollars weakened against their major currencies in the Asian session on Wednesday amid increasing risk-off sentiment, dragged by the benchmark indexes in Japan and South Korea which are plunging 4 to 5 percent each on concerns over stretched valuations as global tech stocks tumble on fears that an AI bubble is about to burst.
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1h 3phút trước
European Shares Flat To Lower In Cautious Trade
European stocks were flat to slightly lower on Wednesday to hover near a two-week low following an overnight selloff in U.S. technology stocks.
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1h 38phút trước
Canadian Dollar Drops Against Most Majors
The Canadian dollar weakened against most major currencies in the Asian session on Wednesday.
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1h 49phút trước
NZ Dollar Slides Against Most Majors
The New Zealand dollar weakened against most major currencies in the Asian session on Wednesday.
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2h 1phút trước
Australian Dollar Falls Against Majors
The Australian dollar weakened against other major currencies in the Asian session on Wednesday.
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2h 12phút trước
Asian Shares Decline As Tech Stocks Plunge On Valuation Concerns
Asian stocks tumbled on Wednesday as tech stocks succumbed to heavy selling pressure on increasing worries over stretched valuations and AI bubble.
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2h 14phút trước
German Factory Orders Rebound In September
Germany's factory orders rebounded at a stronger-than-expected pace in September driven by higher demand for auto and electrical equipments. Factory orders expanded 1.1 percent in September from August, Destatis reported Wednesday. Orders were forecast to advance 0.9 percent, reversing a revised 0.4 percent drop in August.
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3h 3phút trước
