CAC 40 Slides On Weak Data

RTTNews | 1539 days ago
CAC 40 Slides On Weak Data

(RTTNews) - French stocks declined on Thursday after Federal Reserve Chair Jerome Powell said a soft landing for the economy is going to be very challenging and a recession is possible.

Adding to growth worries, France's business activity data for June came in weaker than forecast.

The June composite PMI flash figure which comprises the services and manufacturing sectors dropped to 52.8 points from 57.0 points in May, according to a S&P Global survey.

The benchmark CAC 40 fell 68 points, or 1.2 percent, to 5,848 after closing 0.8 percent lower in the previous session.

Air Liquide shares tumbled 2.2 percent. The company which supplies industrial gases and services to various industries and Germany's Siemens Energy have announced a joint venture for the series production of industrial scale renewable hydrogen electrolyzers in Europe.

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Singapore Stock Market May Take Further Damage On Thursday

Singapore Stock Market May Take Further Damage On Thursday

The Singapore stock market has finished lower in three straight sessions, slumping almost 70 points or 2.7 percent in that span. The Straits Times Index now sits just beneath the 5,730-point plateau and it figures to open in the red again on Thursday.
RTTNews | 32 minutes ago
Malaysia Stock Market May See Continued Consolidation

Malaysia Stock Market May See Continued Consolidation

The Malaysia stock market has finished lower in two sessions, although it has given up less than a single point in that span. The Kuala Lumpur Composite Index now sits just shy of the 1,715-point plateau and the losses may accelerate on Thursday.
RTTNews | 1h 2min ago
Losing Streak May Continue For Japan Stock Market

Losing Streak May Continue For Japan Stock Market

The Japan stock market has moved lower in back-to-back sessions, sinking more than 1,250 points or 1.9 percent along the way. The Nikkei 225 now sits just beneath the 65,150-point plateau and it may take further damage again on Thursday.
RTTNews | 1h 17min ago
Renewed Consolidation Called For KOSPI

Renewed Consolidation Called For KOSPI

The South Korea stock market bounced higher again on Wednesday, one day after ending the three-day winning streak in which it had rallied more than 430 points or 6.1 percent. The KOSPI now sits just above the 7,050-point plateau although it may head south again on Thursday.
RTTNews | 1h 32min ago
Indonesia Retail Sales Data Due On Thursday

Indonesia Retail Sales Data Due On Thursday

Indonesia will on Thursday release July figures for retail sales, highlighting a light day for Asia-Pacific economic activity. In June, sales were down 3.0 percent on year.
RTTNews | 2h 32min ago
U.S. Dollar Ticks Higher As Investors Brace For U.S. Inflation Data

U.S. Dollar Ticks Higher As Investors Brace For U.S. Inflation Data

The U.S. Dollar value ended nearly flat as market participants anticipate the upcoming Producer Price Index and Consumer Price Index reports to analyze the monetary policy outlook of the U.S. Federal Reserve ahead of its next week's meeting. Traders are pricing in an interest rate hike by the Fed following the recent U.S. jobs data.
RTTNews | 3h 35min ago
Swiss Stocks Slide As Crude Surges On Middle East Tensions

Swiss Stocks Slide As Crude Surges On Middle East Tensions

Switzerland's SMI index closed down 252.91 points Wednesday as Middle East tensions and rising inflation concerns weighed on global markets. Richemont and Galderma Group led declines with 4.7% and 4.4% drops.
RTTNews | 7h 9min ago