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European Shares Struggle For Direction Amid Fed Rate-path Uncertainty
(RTTNews) - French stocks struggled for direction on Wednesday as investors braced for a hawkish message from the Federal Reserve at this week's Jackson Hole symposium.
Lingering worries over U.S. rate hike plans weighed on sentiment after Minneapolis Federal Reserve Bank President Neel Kashkari said the Fed needs to be more aggressive to control inflation.
He expects the Fed to need to lift its policy rate, now at 2.25-2.5 percent, another two full percentage points by the end of next year.
Investors also await minutes of the ECB's last policy meeting, which might provide additional hawkish signals.
The benchmark CAC 40 was marginally lower at 6,356 after closing 0.3 percent lower the previous day.
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European Shares Set For Lackluster Open; US CPI Data Eyed
European stocks may struggle for direction at open on Friday as rising energy prices and Treasury yields added to concerns about the outlook for interest rates.
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2h 10min ago
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.
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3h 17min ago
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
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4h 22min ago
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
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4h 40min ago
Indian Shares Set For Weak Opening As Oil Extends Surge On Mideast Tensions
Indian shares are seen opening notably lower on Friday as investors fret about the inflationary impact of elevated crude prices amid escalating geopolitical concerns.
RTTNews
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5h 11min ago
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
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5h 49min ago
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
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6h 12min ago
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
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6h 19min ago
