CAC 40 Struggles For Direction Before US Inflation Test

RTTNews | 188 days ago
CAC 40 Struggles For Direction Before US Inflation Test

(RTTNews) - French stocks struggled for direction on Tuesday as caution prevailed ahead of the release of U.S. inflation data that might influence the outlook for rates.

The U.S. producer price inflation report is likely to be in the spotlight today along with Fed Chair Jerome Powell's remarks during a moderate discussion with De Nederlandsche Bank President Klaas Knot.

The consumer price inflation report is due on Wednesday and economists expect prices to climb by 0.4 percent in April, matching the increase seen in March.

The benchmark CAC 40 was marginally lower at 8,208 after ending 0.1 percent lower the previous day.

In corporate news, Veolia shares rallied 2.4 percent after the waste and water management company met first-quarter core profit expectations and announced it had bagged a $320 million water technology contract for a desalination plant in the United Arab Emirates.

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Yen Rises Against Majors

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the Asian session on Monday.
RTTNews | 5h 56min ago
European Economic News Preview: Eurozone Foreign Trade Data Due

European Economic News Preview: Eurozone Foreign Trade Data Due

Foreign trade data from the euro area is the only major statistical report due on Monday, headlining a very light day for the European economic news. At 2.30 AM ET, Switzerland's Federal Statistical Office publishes industrial production data for the third quarter.
RTTNews | 6h 43min ago
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Monday, despite the broadly negative cues from Wall Street on Friday, boosted by strong gains in China, Hong Kong and South Korea. Trades also reacted to the US Fed Chair Jerome Powell's recent somewhat hawkish comments, suggesting doesn't need to hurry to lower rates. Asian markets closed mixed on Friday.
RTTNews | 8h 19min ago
Sensex, Nifty Seen Lower At Open

Sensex, Nifty Seen Lower At Open

Indian shares may open lower on Monday after the S&P 500 and Nasdaq notched their biggest one-day losses in two weeks Friday.
RTTNews | 9h 12min ago
Japanese Market Significantly Lower

Japanese Market Significantly Lower

The Japanese stock market is trading significantly lower on Monday, reversing the gains in the previous session. The benchmark S&P/ASX 200 is falling well above the 38,400 level, following the broadly negative cues from Wall Street on Friday, with weakness across most sectors led by index heavyweights, financial and technology stocks.
RTTNews | 9h 19min ago
Thai Shares May Take Further Damage On Monday

Thai Shares May Take Further Damage On Monday

The Thai stock market has moved lower in back-to-back sessions, surrendering almost 10 points or 0.8 percent along the way. The Stock Exchange of Thailand now sits just above the 1,440-point plateau and it's expected to open under pressure again on Monday.
RTTNews | 9h 43min ago
Australian Market Slightly Higher

Australian Market Slightly Higher

The Australian stock market is slightly higher on Monday after opening in the red, extending some of the gains in the previous two sessions, despite the broadly negative cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is staying just below the 8,300.00 level, with gains in mining and energy stocks nearly offset by weakness in some technology and financial stocks.
RTTNews | 9h 55min ago