CAC 40 Dips On US Debt Ceiling Worries
(RTTNews) - French stocks were slightly lower in cautious trade on Wednesday as investors awaited U.S. consumer price inflation data later in the day for additional clues on the Federal Reserve's rate hike path.
Also weighing on sentiment, a high stakes meeting between U.S. President Joe Biden and key lawmakers from both parties on Tuesday yielded no breakthrough on the impasse over the U.S. debt ceiling.
The benchmark CAC 40 was down 15 points, or 0.2 percent, at 7,381 after losing 0.6 percent in the previous session.
Lender Credit Agricole rallied nearly 5 percent after posting a record performance in the first quarter on higher trading revenue.
Train maker Alstom slumped 5.7 percent after delaying its mid-term targets.
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Malaysia Stock Market May Halt Losing Streak
The Malaysia stock market has finished lower in back-to-back sessions, slipping almost 25 points or 1.6 percent in that span. The Kuala Lumpur Composite Index now sits just shy of the 1,675-point plateau although it may stop the bleeding on Friday.
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33 minutes ago
Japan Stock Market May Extend Winning Streak
The Japanese stock market has finished higher in back-to-back sessions, collecting more than 650 points or 1 percent along the way. The Nikkei 225 now sits just above the 64,130-point plateau and it may add to its winnings again on Friday.
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48 minutes ago
New Zealand August Trade Deficit NZ$1.349 Billion
New Zealand posted a merchandise trade deficit of NZ$1.349 billion in August, Statistics New Zealand said on Friday.
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56 minutes ago
KOSPI May Reverse Thursday's Losses
The South Korea stock market ticked lower again on Thursday, one day after ending the four-day losing streak in which it had plunged more than 420 points or 5.9 percent. The KOSPI now sits just above the 6,715-point plateau although it may bounce higher again on Friday.
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1h 3min ago
Japan Rate Decision On Tap For Friday
The Bank of Japan will wrap up its monetary policy meeting on Friday and then announce its decision on interest rates, highlighting a modest day for Asia-Pacific economic activity. The BoJ is expected to hike its benchmark lending rate by 25 basis points, to 1.25 percent from 1.00 percent.
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2h 3min ago
South Korea Producer Prices Rise 0.2% In August
Producer prices in South Korea were up a seasonally adjusted 0.2 percent on month in August, the Bank of Korea said on Friday - following the 0.4 percent contraction in July.
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2h 55min ago
U.S. Dollar Ends Roughly Flat Amid Easing Inflation Concerns After Crude Oil Slides
The U.S. Dollar value ended nearly flat on Thursday after crude oil prices tumbled following U.S. President Donald Trump's statement on Iran talks while investors continued to assess yesterday's interest rate hike in the U.S.
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3h 2min ago
Canadian Market Up Firmly, Set To End On Strong Note
The Canadian market remained firmly up in positive territory Thursday afternoon, thanks largely to hectic buying in the materials sector.
A drop in U.S. Treasury yields and weak oil prices following the Federal Reserve's interest rate hike and hopes that the central bank will strive to rein in inflation lifted investor sentiment.
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5h 11min ago
