CAC 40 Extends Losses As Luxury Stocks Drag

RTTNews | 1470 days ago
CAC 40 Extends Losses As Luxury Stocks Drag

(RTTNews) - French stocks tumbled on Thursday, as investors reacted to fresh hawkish commentary from another key Fed official and a disappointing report on monthly private payrolls in the United States.

Traders also looked ahead to next week's ECB meeting after some policymakers called for another big interest rate hike to preserve the credibility of the central bank's inflation target.

The benchmark CAC 40 was down 101 points, or 1.7 percent, at 6,023 after falling 1.4 percent to extend its losing streak for the fifth straight session on Wednesday.

Spirits group Pernod Ricard fell about 1 percent despite posting better-than-expected annual results.

Luxury stocks were coming under selling pressure, with Hermes and LVMH declining 2-3 percent, after a private survey showed the country's manufacturing sector slipped into contraction for the first time in three months in August amid weakening demand.

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Indian Shares Tumble Amid Geopolitical Concerns

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Indian shares were sharply lower in early trade on Friday as crude oil prices soared amid escalating tensions in West Asia, raising worries about India's import bill, inflation and earnings.
RTTNews | 23 minutes ago
Australian Market Extends Early Strong Losses In Mid-market

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Losing Streak May Continue For Thai Stock Market

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Indonesia Stock Market Tipped To Open In The Red

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RTTNews | 3h 26min ago
No Help Yet For Hong Kong Stock Market

No Help Yet For Hong Kong Stock Market

The Hong Kong stock market has moved lower in three straight sessions, sliding more than 650 points or 2.6 percent along the way. The Hang Seg Index now sits just above the 24,950-point plateau and it's likely to extend its losses on Friday.
RTTNews | 3h 41min ago