CAC 40 Holds Steady In Cautious Trade
(RTTNews) - French stocks held steady on Monday as investors awaited cues from the FOMC meeting minutes along with speeches by Fed Chair Jerome Powell and other Fed speakers this week for additional clues on the rate trajectory.
The dollar began the week on a weak note after a couple of Fed officials said its time to adjust borrowing costs.
Closer home, flash Purchasing Managers' Index (PMI) data for France, Germany, Britain, and the Eurozone will be in focus later in the week. The benchmark CAC 40 was marginally higher at 7,452 after adding 0.4 percent on Friday. Power cable supplier Nexans tumbled 3.6 percent after Goldman Sachs cut its rating on the stock.
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Tokyo Inflation Falls Below 2%
Inflation in Japan's capital Tokyo fell below 2 percent for the first time since May, data from the Ministry of Internal Affairs and Communications showed Friday. Excluding fresh food, consumer price inflation weakened to 1.8 percent in October from 2.0 percent in September. Inflation was seen at 1.7 percent. The rate fell below 2.0 percent for the first time in five months.
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6h 7min ago
China Keeps Medium-Term Lending Facility Rate Unchanged
China's central bank left the rate on medium-term lending facility unchanged on Friday after lowering the rate by 30 basis points last month. The People's Bank of China maintained the medium-term lending facility rate at 2.0 percent. The central bank today conducted a seven-day reverse repo operations of CNY 292.6 billion at an interest rate of 1.5 percent.
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6h 54min ago
Antipodean Currencies Fall Ahead Of U.S. Presidential Election
The Antipodean currencies such as the Australia and the New Zealand dollars weakened against their major currencies in the Asian session on Friday, as investors are awaiting the outcome of the U.S. presidential election on Sunday.
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7h 14min ago
European Economic News Preview: German Ifo Business Confidence Data Due
Business confidence from Germany and monetary aggregates from the euro area are the top economic news due on Friday. At 2.45 am ET, France's consumer confidence survey data is due. Economists expect the confidence index to fall slightly to 94 in October from 95 in the previous month.
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7h 24min ago
European Markets Seen Opening On A Weak Note
European markets are expected to open on Friday on a cautious note as market's focus on the health of the corporate sector.
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7h 34min ago
NZ Dollar Slides Against Majors
The New Zealand dollar weakened against other major currencies in the Asian session on Friday.
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7h 38min ago
Australian Dollar Falls Against Majors
The Australian dollar weakened against other major currencies in the Asian session on Friday.
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7h 43min ago
Thai Shares May Stop The Bleeding On Friday
The Thai stock market has tracked lower in four straight sessions, slipping almost 35 points or 2.5 percent along the way. The Stock Exchange of Thailand now sits just above the 1,460-point plateau although it may find traction on Friday.
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11h 14min ago
