CAC 40 Declines On Uncertainty Over Rate Cuts
(RTTNews) - French stocks declined on Tuesday as traders pared back expectations on near-term rate cuts by the U.S. Federal Reserve and the European Central Bank.
French central bank Governor Francois Villeroy de Galhau said in Davos that it's too early to declare victory over inflation, but the ECB's next move is likely to be an interest rate cut sometime this year.
The benchmark CAC 40 was down 32 points, or 0.4 percent, at 7,379 after closing 0.7 percent lower on Monday.
In corporate news, Air France-KLM Group shares fell over 2 percent. The airline announced today its decision to withdraw from its existing air cargo agreements with CMA CGM, a French shipping and logistics company, from March 31, 2024.
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Thai Stock Market Called Lower Again On Thursday
The Thai stock market has finished lower in three straight sessions, sinking almost 50 points or 3.1 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,560-point plateau and it's expected to see continued consolidation on Thursday.
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Japanese Market Sharply Higher
The Japanese market is trading sharply higher on Thursday, extending the gains in the previous session, following the mixed cues from Wall Street overnight. The Nikkei 225 is moving well above the 67,700 level, with gains in index heavyweights and technology stocks partially offset by weakness in automakers and financial stocks.
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Losing Streak May Continue For Indonesia Stock Market
The Indonesia stock market has finished lower in five straight sessions, tumbling more than 300 points or 4.4 percent along the way. The Jakarta Composite Index now sits just above the 6,070-point plateau and it's expected to open under water again on Thursday.
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Australian Market Significantly Lower
The Australian market is trading significantly lower on Thursday, snapping a three-session winning streak, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,700 level, with weakness across most sectors led by mining and financial stocks.
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Indonesia Manufacturing Sector Climbs Into Expansion - S&P Global
The manufacturing sector in Indonesia moved back up into expansion territory in September, the latest survey from S&P Global revealed on Thursday with a manufacturing PMI score of 52.4.
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Japan Manufacturing Sector Ebbs In September - S&P Global
The manufacturing sector in Japan continued to expand in September, albeit at a slower rate, the latest survey from S&P Global revealed on Thursday with a manufacturing PMI score of 54.1.
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Vietnam Manufacturing Sector Slows In September - S&P Global
The manufacturing sector in Vietnam continued to expand in September, albeit at a slower rate, the latest survey from S&P Global revealed on Thursday with a manufacturing PMI score of 51.9.
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Thai Manufacturing Sector Strengthens In September - S&P Global
The manufacturing sector in Thailand continued to expand in September, and at a faster rate, the latest survey from S&P Global revealed on Thursday with a manufacturing PMI score of 54.3.
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