CAC 40 Edges Higher As Rate Hike Worries Ease

RTTNews | 735天前
CAC 40 Edges Higher As Rate Hike Worries Ease

(RTTNews) - French stocks opened higher on Wednesday after Fed Chair Jerome Powell said he expects 2023 to be a year of "significant declines in inflation" but additional rate increases may be required if the economic data doesn't cooperate.

The benchmark CAC 40 was up 30 points, or 0.4 percent, at 7,162 after finishing marginally lower on Tuesday.

Societe Generale shares fell about 1 percent. The lender reported that its fourth-quarter Group net income fell 35.1 percent to 1.16 billion euros from last year's 1.79 billion euros.

Looking ahead for fiscal 2023, the bank expects a transition year, with the negative impacts related to the end of the TLTRO benefit and to the specific functioning of the French retail banking market.

Rival BNP Paribas advanced 1.5 percent and Credit Agricole gained 0.9 percent.

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Thai Shares Expected To Return To The Downside

Thai Shares Expected To Return To The Downside

Ahead of Wednesday's holiday for Makha Bucha Day, the Thai stock market had moved higher in two of three trading days since the end of the seven-day losing streak in which it had plummeted more than 85 points or 6.3 percent. The Stock Exchange of Thailand now sits just above the 1,280-point plateau and it figures to open under pressure on Thursday.
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Little Movement Expected For Indonesia Stock Market

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RTTNews | 5小時53分鐘前
Japanese Market Sharply Higher

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RTTNews | 6小時8分鐘前
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RTTNews | 6小時22分鐘前
Lower Open Called For China Stock Market

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Taiwan Stock Market May See Continued Consolidation

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The Taiwan stock market has moved lower in two of three trading days since the end of the four-day winning streak in which it had spiked more than 760 points or 3.4 percent. The Taiwan Stock Exchange now rests just above the 23,380-point plateau and it may take further damage on Thursday.
RTTNews | 6小時53分鐘前