CAC 40 Extends Slide As Growth Worries Weigh
(RTTNews) - French stocks traded lower on Wednesday to extend losses from the previous session as weak U.S. manufacturing data reignited recession fears.
Disappointing services sector activity data from China and a disagreement among ECB policymakers on the outlook for regional growth also dented investors' appetite for riskier assets.
The benchmark CAC 40 was down 64 points, or 0.8 percent, at 7,511 after declining 0.9 percent in the previous session.
The dollar index struggled for direction and Treasury yields hovered below 3.85 percent as focus shifted to more U.S. economic data due this week, including Friday's payrolls data that could offer more clues on the economic and rate outlook.
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European Shares May Struggle To Find Footing Amid Economic Uncertainty
European stocks may struggle for direction on Thursday, with trading volumes likely to remain thin due to a holiday in the U.S. to honor the death of former President Jimmy Carter.
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5h 47min ago
Sensex, Nifty Open Lower On Weak Global Cues
Indian shares were subdued on Thursday, tracking weak cues from global markets as Chinese inflation data disappointed and reports suggested that U.S. President-elect Donald Trump was mulling a national economic emergency declaration to provide legal justification for a series of universal tariffs on allies and adversaries.
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6h 41min ago
Asian Markets Mostly Lower
Asian stock markets are trading mostly lower on Thursday, following the mixed cues from Wall Street overnight, amid uncertainty about the outlook for interest rates following mixed U.S. jobs data. The minutes of the US Fed's latest monetary policy meeting also did not provide much insight into interest rates other than to suggest officials plan to take a "careful approach" to future decisions.
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7h 54min ago
Australian Market Slightly Trims Early Losses In Mid-market
The Australian market slightly trimmed the early losses and is trading notably lower in mid-market moves on Thursday. The benchmark S&P/ASX 200 is falling to near the 8,300 level, with weakness across most sectors led by technology and financial stocks. Gold miners remain the only bright spot.
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8h 33min ago
Sensex, Nifty Likely To Open On Cautious Note
Indian shares are seen opening on a cautious note Thursday as investors await cues from the upcoming Q3 earnings season and prepare for the highly anticipated U.S. jobs report due on Friday that could shed more light on the Federal Reserve's policy outlook.
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8h 45min ago
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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9h 16min 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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9h 28min 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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9h 40min ago
