CAC 40 Dips As Investors Weigh Political Risk
(RTTNews) - French stocks traded slightly lower on Wednesday as investors watched the latest political developments in the country.
The risk premium on French bonds held steady despite lingering worries about the country's debt path and fiscal situation.
National Rally leader Jordan Bardella said he will not become prime minister if his party doesn't get a resounding victory in France's snap election.
Polls indicate Marine Le Pen's party is best placed to become the largest group in the National Assembly, but projections show the party is set to fall short of an outright majority.
The benchmark CAC 40 was down 33 points, or 0.4 percent, at 7,596 after gaining 0.8 percent in the previous session.
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Indonesia Bourse May Crack Resistance At 7,500 Points
The Indonesia stock market on Tuesday ended the two-day slide in which it had slumped almost 100 points or 1.4 percent. The Jakarta Composite Index now rests just above the 7,490-point plateau and it may extend its gains on Wednesday.
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Australian Market Significantly Higher
Australian shares are trading significantly higher on Wednesday, reversing the losses in the previous session, with the benchmark S&P/ASX 200 moving a tad above the 8,200 level, following the broadly positive cues from Wall Street overnight, with gains across all sectors led by technology and financial stocks.
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Higher Open Predicted For Hong Kong Stock Market
The Hong Kong stock market has moved higher in three straight sessions, advancing almost 700 points or 3.4 percent along the way. The Hang Seng Index now sits just above the 21,000-point plateau and it's got a positive lead again for Wednesday's trade.
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China Stock Market Has Firm Lead For Wednesday's Trade
The China stock market has moved higher in two consecutive trading days, accelerating more than 110 points or 3.3 percent in that span. The Shanghai Composite now sits just above the 3,385-point plateau and it's expected to open higher again on Wednesday.
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Japan Services PMI Falls To 49.7 In October - Jibun
The services sector in Japan fell into contraction territory in October, the latest survey from Jibun Bank revealed on Wednesday with a services PMI of 49.7.
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Taiwan Shares Tipped To Open In The Green
The Taiwan stock market has moved higher in back-to-back sessions, gathering more than 325 points or 1.5 percent along the way. The Taiwan Stock Exchange now rests just above the 23,100-point plateau and it's expected open to the upside again on Wednesday.
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BoJ Minutes: Japan Economy Shows Modest Recovery
members of the Bank of Japan's Monetary Policy Board agreed that Japan's economy has recovered modestly, and is expected to continue to do so, minutes from the board's September 19-20 monetary policy meeting revealed on Wednesday.
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Singapore Stock Market May Extend Its Gains
The Singapore stock market has moved higher in two straight sessions, gathering more than 25 points or 0.7 percent along the way. The Straits Times Index now sits just above the 3,580-point plateau and it's tipped to open in the green again on Wednesday.
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