CAC 40 Slides On Inflation Worries
(RTTNews) - French stocks drifted lower on Wednesday amid inflation worries after data showed British consumer price inflation jumped to 10.1 percent in July, its highest since February 1982, intensifying the squeeze on households.
Investors await the release of minutes of the U.S. Federal Reserve's July meeting, the Euro zone's Q2 GDP and unemployment figures for the single currency block data later in the day for additional clues on the economic and interest-rate outlook.
The benchmark CAC 40 dropped 16 points, or 0.2 percent, to 6,576 after rising 0.3 percent in the previous session.
Banks BNP Paribas, Credit Agricole and Societe Generale were seeing modest gains while automaker Renault fell about 1 percent.
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Thai Shares May Tick Higher On Thursday
The Thai stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day slide in which it had slumped more than 20 points or 1.5 percent. The Stock Exchange of Thailand now sits just beneath the 1,390-point plateau and they're expected to open slightly to the upside on Thursday.
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5h 27min ago
Japanese Market Significantly Lower
Extending the losses in the previous sessions, the Japanese market is significantly lower on Thursday, following the mixed cues from Wall Street overnight. The Nikkei 225 is falling well below the 39,700 level, with weakness across most sectors led by index heavyweights, exporters and technology stocks.
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5h 38min ago
China Inflation Unchanged In December
Consumer prices in China were flat on month in December, the National Bureau of Statistics said on Thursday
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5h 51min ago
Indonesia Bourse Likely To Remain Rangebound On Thursday
The Indonesia stock market has moved lower in two of three trading days since the end of the three-day winning streak in which it had advanced almost 130 points or 1.8 percent. The Jakarta Composite Index now sits just above the 7,080-point plateau and it's expected to stay in that neighborhood again on Thursday.
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5h 57min ago
Bargain Hunting May Boost Hong Kong Shares
The Hong Kong stock market has finished lower in three straight sessions, retreating more than 480 points or 2.6 percent along the way. The Hang Seng Index now sits just beneath the 19,280-point plateau although it's due for support on Thursday.
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6h 12min ago
China Stock Market May Be Stuck In Neutral On Thursday
The China stock market has moved higher in back-to-back sessions, collecting almost 25 points or 0.8 percent along the way. The Shanghai Composite Index now sits just above the 3,230-point plateau although it may spin its wheels on Thursday.
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6h 27min ago
Australian Market Notably Lower
The Australian market is trading notably lower on Thursday, snapping a five-session winning session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to staly a tad above the 8,300 level, with weakness across most sectors led by technology and iron ore miners. Gold miners were the only bright spot.
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6h 30min ago
Australia Retail Sales Climb 0.8% In November
The value of retail sales in Australia was up a seasonally adjusted 0.8 percent on month in November, the Australian Bureau of Statistics said on Thursday - coming in at A$37.052 billion.
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6h 39min ago
