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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Little Movement Expected For Taiwan Stock Market
The Taiwan stock market on Wednesday ended the three-day winning streak in which it had advanced more than 530 points or 2.4 percent. The Taiwan Stock Exchange now rests just above the 23,535-point plateau and it's looking at a fairly flat lead for Wednesday's trade.
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4h 6min ago
Soft Start Seen For Singapore Stock Market
The Singapore stock market has ended lower in consecutive trading days, shedding more than 50 points or 1.4 percent along the way. The Straits Times Index now sits just shy of the 3,590-point plateau and it may extend its losses again on Wednesday.
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4h 36min ago
Malaysia Bourse May Extend Losing Streak
The Malaysia stock market has moved lower in back-to-back sessions, slipping almost 4 points or 0.2 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,640-point plateau and it may take further damage again on Wednesday.
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5h 6min ago
South Korea Bourse May Remain Stuck In Neutral
The South Korea stock market headed south again on Tuesday, one day after ending the three-day slide in which it had slumped almost 40 points or 1.6 percent. The KOSPI now sits just above the 2,570-point plateau and it may tick lower again on Wednesday.
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5h 36min ago
Singapore Inflation Data Due On Wednesday
Singapore will on Wednesday release consumer price data for September, highlighting a light day for Asia-Pacific economic activity.
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6h 36min ago
TSX Recovers From Early Setback, Settles Flat
After a weak start and a subsequent drop to lower levels, the Canadian market recovered gradually on Tuesday and eventually settled marginally down. The mood was cautious with investors awaiting the Canadian central bank's interest rate decision on Wednesday.
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6h 44min ago
Dollar Turns In Mixed Performance Against Major Counterparts
The U.S. dollar turned in a mixed performance against its major counterparts on Tuesday with investors awaiting some crucial economic data, including reports on U.S. manufacturing and services sector activity.
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7h 21min ago
Canadian Stocks Turning In Mixed Performance
Canadian stocks are turning in a mixed performance on Tuesday with investors digesting Canadian producer prices data and some earnings updates, and awaiting the Bank of Canada's interest rate decision on Wednesday.
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9h 47min ago
