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CAC 40 Recovers From Slide To Trade Flat
(RTTNews) - French stocks recovered from an early slide to trade on a flat note Wednesday, as U.S. stock futures traded marginally higher a day after the steepest fall on Wall Street in two years.
The benchmark CAC 40 was marginally higher at 6,246 after closing 1.4 percent lower on Tuesday.
A cautious undertone prevailed as hotter-than-expected U.S. inflation data boosted bets that the Federal Reserve will stay aggressive in raising rates.
The increase in CPI now paves the way for the U.S. Federal Reserve to raise rates by 75-100 basis points in its next monetary policy meeting scheduled for next Wednesday.
Nomura analysts have called for a full percentage hike in short-term interest rates, citing the emergence of upside inflation risks.
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Japan Industrial Output Sinks 1.1% In March
Industrial production in Japan was down a seasonally adjusted 1.1 percent on month in March, the Ministry of Economy, Trade and Industry said on Wednesday.
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14 minutes ago
Singapore Bourse Expected To Halt Losing Streak On Wednesday
The Singapore stock market has moved lower in four straight sessions, slumping more than 25 points or 0.7 percent in that span. The Straits Times Index now sits just above the 3,805-point plateau although it's due for support on Wednesday.
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24 minutes ago
Rebound Anticipated For Malaysia Stock Market
The Malaysia stock market on Tuesday snapped the four-day winning streak in which it had gathered more than 35 points or 2.2 percent. The Kuala Lumpur Composite Index now sits just above the 1,515-point plateau although it figures to bounce higher again on Wednesday.
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54 minutes ago
Japan Market May Crack Resistance At 36,000 Points
Ahead of Tuesday's holiday for Showa Day, the Japanese stock market had finished higher in four straight sessions, collecting almost 1,650 points or 4.6 percent along the way. The Nikkei 225 now sits just beneath the 35,840-point plateau and it's got a solid lead for Wednesday's trade.
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1h 9min ago
South Korea Industrial Output Jumps 5.3% On Year In March
Industrial production in South Korea was up 5.3 percent on year in March, Statistics Korea said on Wednesday - beating forecasts for a gain of 3.3 percent following the 7.1 percent jump in February.
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1h 14min ago
Higher Open Predicted For South Korea Shares
The South Korea stock market has moved higher in three straight sessions, collecting more than 40 points or 1.7 percent in that span. The KOSPI now sits just above the 2,565-point plateau and it's expected to open to the upside again on Wednesday.
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1h 24min ago
Japan Data Due On Wednesday
Japan is scheduled to release a batch of data on Wednesday, highlighting a busy day for Asia-Pacific economic activity. On tap are March figures for industrial production, retail sales, construction orders and housing starts, as well as February results for the leading and coincident indexes.
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2h 19min ago
Swiss Franc Recovers Against Most Majors
The Swiss franc recovered against its most major counterparts in the New York session on Tuesday.
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4h 43min ago
