CAC 40 Retreats On Recession Worries

RTTNews | 1520 days ago
CAC 40 Retreats On Recession Worries

(RTTNews) - French stocks tumbled on Thursday amid worries that steep interest-rate hikes could tip the world's largest economy into a recession.

Fed Governor Christopher Waller is scheduled to speak later today amid speculation the Federal Reserve could raise its target fed funds rate by 1 percentage point at its July 26-27 meeting.

June's producer price report may also offer more clues on what the Fed might do.

On the earnings front, major U.S. banks JPMorgan Chase and Morgan Stanley will report their financial results.

The benchmark CAC 40 was down 70 points, or 1.2 percent, at 5,930 after closing 0.7 percent lower in the previous session.

The dollar resumed its relentless rise today, charting new 24-year highs against the yen and pinning the euro close to parity.

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Indian Shares Tumble Amid Geopolitical Concerns

Indian Shares Tumble Amid Geopolitical Concerns

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 | 1h 57min ago
Australian Market Extends Early Strong Losses In Mid-market

Australian Market Extends Early Strong Losses In Mid-market

The Australian stock market is extending its early strong losses in mid-market moves on Friday, adding to the losses in the previous three sessions, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near the 8,700 level, with weakness in mining and technology stocks partially offset by gains in financial and energy stocks.
RTTNews | 3h 2min ago
Asian Markets Sink Amid Inflationary Risks

Asian Markets Sink Amid Inflationary Risks

Asian markets are mostly lower on Friday, following the negative cues from Wall Street overnight, as crude oil soars past $100 a barrel for the first time since May amid concerns of a prolonged war between the U.S. and Iran. Surging crude oil prices and treasury yields have added to concerns about inflation risks and the outlook for interest rates ahead of the US Fed's monetary policy meeting.
RTTNews | 3h 21min ago
Losing Streak May Continue For Thai Stock Market

Losing Streak May Continue For Thai Stock Market

The Thai stock market has moved lower in back-to-back sessions, sinking more than 5 points or 0.3 percent along the way. The Stock Exchange of Thailand now sits just above the 1,615-point plateau and it's tipped to open under water again on Friday.
RTTNews | 4h 29min ago
Japanese Market Sharply Lower

Japanese Market Sharply Lower

The Japanese market is trading sharply lower on Friday, reversing the gains in the previous session, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling below the 63,550 level, with weakness in index heavyweights, exporters and technology stocks partially offset by gains in automakers.
RTTNews | 4h 52min ago
Indonesia Stock Market Tipped To Open In The Red

Indonesia Stock Market Tipped To Open In The Red

The Indonesia stock market has finished lower in two straight sessions, surrendering almost 100 points or 1.4 percent in that span. The Jakarta Composite Index now rests just beneath the 6,590-point plateau and it may continued selling pressure on Friday.
RTTNews | 4h 59min ago