CAC 40 Slides On Inflation Worries
(RTTNews) - French stocks drifted lower on Wednesday amid inflation worries after data showed British consumer price inflation jumped to 10.1 percent in July, its highest since February 1982, intensifying the squeeze on households.
Investors await the release of minutes of the U.S. Federal Reserve's July meeting, the Euro zone's Q2 GDP and unemployment figures for the single currency block data later in the day for additional clues on the economic and interest-rate outlook.
The benchmark CAC 40 dropped 16 points, or 0.2 percent, to 6,576 after rising 0.3 percent in the previous session.
Banks BNP Paribas, Credit Agricole and Societe Generale were seeing modest gains while automaker Renault fell about 1 percent.
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Australia Inflation Rises In November
Australia's consumer price inflation accelerated in November largely due to the timing of electricity rebate, the Australian Bureau of Statistics said on Wednesday.
Headline inflation rose to 2.3 percent in November from 2.1 percent in October. Inflation was slightly above economists' forecast of 2.2 percent. However, annual trimmed mean inflation eased to 3.2 percent from 3.5 percent.
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5h 46min ago
Sensex, Nifty Open Lower As Traders Pare Rate Cut Bets
Indian shares opened slightly lower on Wednesday as upbeat U.S. economic data prompted traders to pare rate cut bets.
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5h 50min ago
Sensex, Nifty Set For Muted Start As Dollar And Yields Climb
Indian shares look set to open on a cautious note Wednesday after initial estimates from the government showed the Indian economy is set to grow at the slowest pace in 4 years in the fiscal year 2024-25.
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7h 36min ago
Asian Shares Mixed As Traders Scale Back Fed Rate Cut Bets
Asian stocks were mixed on Wednesday as fresh signs of a resilient U.S. economy clouded the outlook for U.S. rate cuts in 2025.
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7h 47min ago
Thai Stocks Likely To Remain Rangebound
The Thai stock market has finished higher in two of three 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 above the 1,390-point plateau although it may not be able to hold those gains.
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8h 23min ago
Lower Open Anticipated For Indonesia Stock Market
The Indonesia stock market ticked higher again on Tuesday, one day after ending the three-day winning streak in which it had advanced almost 130 points or 1.8 percent. The Jakarta Composite Index now sits just above the 7,080-point plateau although it's expected to open under pressure on Wednesday.
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8h 53min ago
Hong Kong Shares May Extend Losing Streak
The Hong Kong stock market has finished lower in two straight sessions, retreating more than 310 points or 1.7 percent along the way. The Hang Seng Index now sits just beneath the 19,450-point plateau and it may extend its losses again on Wednesday.
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9h 8min ago
Lower Open Anticipated For China Stock Market
The China stock market on Tuesday snapped the four-day losing streak in which it had plummeted more than 200 points or 6 percent. The Shanghai Composite Index now sits just beneath the 3,230-point plateau although it's expected to see renewed selling pressure on Wednesday.
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9h 23min ago
