CAC 40 Little Changed As Traders Pare Fed Rate Cut Bets
(RTTNews) - French stocks were little changed on Monday as robust U.S. jobs data released on Friday lifted bond yields.
After U.S. employers added more jobs than expected in September, traders have pared bets that the Federal Reserve will cut rates again by 50 basis points at its November 6-7 meeting.
According to the CME Group's FedWatch Tool, traders now price in only an 8 percent chance of a 50-bps rate cut, down from around 31 percent earlier on Friday and from 53 percent a week ago.
The benchmark CAC 40 was marginally lower at 7,537 after surging 0.9 percent on Friday.
Banks traded mostly higher, with Credit Agricole rising nearly 1 percent and BNP Paribas rising half a percent.
read more
Sensex, Nifty Modestly Higher In Early Trade; Pharma Stocks Rally
Indian shares opened a tad higher on Friday despite weak cues from other Asian markets.
RTTNews
|
5h 7min ago
Asian Markets Trade Mostly Lower
Asian stock markets are trading mostly lower on Friday, following the lack of cues from Wall Street and despite the positive cues from European markets overnight, as traders react to a slew of economic data from Japan and manufacturing data from South Korea. The developments in the Middle East are also hurting market sentiment. Asian markets ended mixed on Thursday.
RTTNews
|
5h 54min ago
Sensex, Nifty Set For Weak Open On Sluggish Asian Cues
Indian shares are likely to open on a weak note Friday, tracking sluggish cues from Asian peers as investors ponder over Donald Trump's tariff policies and look for more signals on the pace of future Federal Reserve interest rate cuts.
RTTNews
|
7h 0min ago
Japanese Market Notably Lower
Reversing the gains in the previous session, the Japanese stock market is notably lower on Friday, following the lack of cues from Wall Street and despite the positive cues from European markets overnight. The benchmark Nikkei 225 is falling to near the 38,100 level, with weakness in automakers, exporters and technology stocks partially offset gains in financial stocks.
RTTNews
|
7h 19min ago
Australian Market Modestly Lower
The Australian stock market is modestly lower on Friday, giving up some of the gains in the previous two sessions, following the lack of cues from Wall Street and despite the positive cues from European markets overnight. The benchmark S&P/ASX 200 is falling to near the 8,400 level, with weakness across most sectors led by mining and financial stocks.
RTTNews
|
7h 48min ago
TSX Keeps Hitting New Highs, Ends 0.22% Up
The Canadian market recorded a new closing high Thursday with energy stocks contributing significantly to the rise. The volume of business was thin due to Thanksgiving holiday in the U.S.
RTTNews
|
10h 16min ago
U.S. Dollar Retreats Against Franc
The U.S. dollar pulled back against the Swiss franc in the New York session on Thursday.
RTTNews
|
14h 10min ago
Swiss Market Ends On Firm Note
The Switzerland market, which very nearly slipped into the red around mid afternoon on Thursday, after a good spell in positive territory, recovered well to end the day's session on a firm note.
RTTNews
|
14h 26min ago
