CAC 40 Slides On Fed Worries

RTTNews | 924天前
CAC 40 Slides On Fed Worries

(RTTNews) - French stocks fell sharply on Friday after two Federal Reserve officials signaled they favor returning to bigger interest-rate hikes in the future to tame inflation.

Hotter-than-expected wholesale inflation data also added to pressure on the Fed to keep rates high.

The benchmark CAC 40 was down 87 points, or 1.2 percent, at 7,279 after climbing 0.9 percent in the previous session.

Safran S.A. dropped 1 percent. The maker of aircraft engines and related equipment posted net loss for 2022 amidst higher foreign exchange losses and other operating expenses.

Air France-KLM shares jumped 9 percent after the airline reported robust bookings for 2023 and forecast higher margins.

EDF Group SA, an electric utility, edged up slightly despite reporting a loss for fiscal 2022, compared to prior year's profit.

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Australian Market Swings To Modest Gains In Mid-market

Australian Market Swings To Modest Gains In Mid-market

The Australian stock market is swinging to modest gains in mid-market moves on Friday after opening in the red, extending the gains in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 9,000 mark, with gains in energy and technology stocks partially offset by weakness in mining and financial stocks.
RTTNews | 1小时35分钟前
Asian Markets Mixed Amid Caution Trades

Asian Markets Mixed Amid Caution Trades

Asian stock markets are mixed on Friday, following the broadly positive cues from Wall Street overnight, ahead of the release of key U.S. inflation data later in the day that could impact the outlook for interest rates. Traders also digested highly anticipated earnings news from Nvidia, with the AI darling and market leader reporting second-quarter results that largely exceeded expectations.
RTTNews | 2小时4分钟前
Thai Stock Market Tipped To Open In The Green

Thai Stock Market Tipped To Open In The Green

The Thai stock market on Thursday ended the two-day slide in which it had slipped almost 15 points or 1.2 percent. The Stock Exchange of Thailand now sits just above the 1,250-point plateau and it may open to the upside again on Friday.
RTTNews | 3小时10分钟前
Japanese Market Notably Lower

Japanese Market Notably Lower

Giving up some of the gains in the previous two sessions, the Japanese market is notably lower on Friday, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is falling well below the 42,700 level, with weakness across most sectors led by exporters and technology stocks.
RTTNews | 3小时28分钟前
Additional Support Predicted For Indonesia Shares

Additional Support Predicted For Indonesia Shares

The Indonesia stock market has moved higher in two consecutive trading days, gathering almost 50 points or 0.6 percent in that span. The Jakarta Composite Index now sits just above the 7,950-point plateau and it may add to its winnings on Friday.
RTTNews | 3小时40分钟前
Australian Market Slightly Lower

Australian Market Slightly Lower

The Australian stock market is trading slightly lower on Friday, giving up some of the gains in the previous two sessions, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 9,000 mark, with weakness in mining and financial stocks partially offset by gains in energy and technology stocks.
RTTNews | 3小时49分钟前