CAC 40 Rebounds Ahead Of ECB Rate Decision

RTTNews | 1279 days ago
CAC 40 Rebounds Ahead Of ECB Rate Decision

(RTTNews) - French stocks were sharply higher on Thursday amid expectations that banking chaos might prompt the U.S. Federal Reserve to slow the pace of its rate hikes.

Meanwhile, the European Central Bank (ECB) meets later today, and it is likely that the central bank will not follow through with its pre-commitment of a 50-basis-point hike because of concerns about the health of Europe's banks.

The benchmark CAC 40 was up 88 points, or 1.3 percent, at 6,979 after plummeting 3.6 percent on Wednesday.

Banks BNP Paribas, Credit Agricole and Societe Generale all rose over 2 percent after Swiss lender Credit Suisse said it would borrow up to $54 billion from the Swiss central bank in what it called "decisive action" to calm investors and boost liquidity.

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European Shares Set For Cautious Open

European Shares Set For Cautious Open

European stocks are seen opening on a cautious note on Tuesday as investors look ahead to monetary policy meetings of central banks, including the U.S. Federal Reserve, the Bank of England and the Bank of Japan this week.
RTTNews | 38 minutes ago
Asian Markets Track Wall Street Lower

Asian Markets Track Wall Street Lower

Asian stock markets are trading mostly lower on Tuesday, following the broadly negative cues from Wall Street overnight, as traders remain concerned about the uncertainty in the Middle East conflict. Higher bond yields and soaring crude oil prices fueled global inflation concerns and indicated an imminent interest rate hike from the US Fed this week. Asian markets closed mostly lower on Monday.
RTTNews | 2h 57min ago
Lower Open Expected For Thai Stock Market

Lower Open Expected For Thai Stock Market

The Thai stock market has moved lower in four straight sessions, retreating almost 30 points or 1.9 percent along the way. The Stock Exchange of Thailand now sits just above the 1,590-point plateau and it's expected to spin its wheels again on Tuesday.
RTTNews | 4h 14min ago
Indonesia Bourse May See Continued Consolidation On Tuesday

Indonesia Bourse May See Continued Consolidation On Tuesday

The Indonesia stock market has finished lower in four straight sessions, sinking more than 150 points or 2.3 percent along the way. The Jakarta Composite Index now sits just above the 6,530-point plateau and it's looking at another soft start again on Tuesday.
RTTNews | 4h 44min ago
Japanese Market Modestly Lower

Japanese Market Modestly Lower

The Japanese stock market is trading modestly lower on Tuesday, extending the losses in the previous two sessions, following the broadly negative cues from Wall Street overnight, with the Nikkei 225 falling well below the 63,400 level, with weakness in automakers and financial stocks partially offset by gains in index heavyweights.
RTTNews | 4h 50min ago
Hang Seng May Hand Back Monday's Gains

Hang Seng May Hand Back Monday's Gains

The Hong Kong stock market on Monday halted the five-day losing streak in which it had given up more than 850 points or 3 percent. The Hang Seng Index now sits just shy of the 24,920-point plateau although it may head south again on Tuesday.
RTTNews | 4h 59min ago