European Shares Struggle For Direction Amid Fed Rate-path Uncertainty
(RTTNews) - French stocks struggled for direction on Wednesday as investors braced for a hawkish message from the Federal Reserve at this week's Jackson Hole symposium.
Lingering worries over U.S. rate hike plans weighed on sentiment after Minneapolis Federal Reserve Bank President Neel Kashkari said the Fed needs to be more aggressive to control inflation.
He expects the Fed to need to lift its policy rate, now at 2.25-2.5 percent, another two full percentage points by the end of next year.
Investors also await minutes of the ECB's last policy meeting, which might provide additional hawkish signals.
The benchmark CAC 40 was marginally lower at 6,356 after closing 0.3 percent lower the previous day.
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Japanese Market Notably Lower
Extending the losses in the previous two sessions, the Japanese market is notably lower on Friday, following the mixed cues from European markets and lack of cues from Wall Street overnight as they were closed. The Nikkei 225 is falling well below the 39,300 level, with weakness across most sectors led by index heavyweights and financial stocks. Technology stocks are the only bright spot.
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5h 5min ago
Australian Market Notably Lower
The Australian stock market is notably lower on Friday, extending the losses in the previous session, following the mixed cues from European markets and lack of cues from Wall Street overnight as they were closed. The benchmark S&P/ASX 200 is falling below the 8,300 level, with weakness in financial and technology stocks partially offset by gains in mining and energy stocks.
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5h 29min ago
Higher Open Called For Thai Stock Market
The Thai stock market has moved lower in consecutive trading days, surrendering almost 30 points or 2.2 percent along the way. The Stock Exchange of Thailand now sits just above the 1,360-point plateau although it nay see bargain hunting on Friday.
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5h 32min ago
Mild Upside Seen For Indonesia Stock Market
The Indonesia stock market has moved lower in two straight sessions, slipping almost 20 points or 0.3 percent along the way. The Jakarta Composite Index now sits just above the 7,060-point plateau although it's expected to open in the green on Friday.
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6h 2min ago
Hong Kong Stock Market May Stop The Bleeding On Friday
The Hong Kong stock market has finished lower in four straight sessions, retreating more than 520 points or 2.8 percent along the way. The Hang Seng Index now sits just above the 19,240-point plateau although it's due for support on Friday.
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6h 17min ago
Japan Household Spending Slips 0.4% On Year In November
The average of household spending in Japan was down 0.4 percent on year in November, the Ministry of Internal Affairs and Communications said on Friday - coming in at 295,518 yen.
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6h 25min ago
China Stock Market May Reverse Thursday's Losses
The China stock market on Thursday wrote a finish to the two-day winning streak in which it had improved almost 25 points or 0.8 percent. The Shanghai Composite Index now sits just above the 3,210-point plateau although it may tock back to the upside on Friday.
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6h 32min ago
Taiwan Bourse Tipped To Snap Losing Streak
The Taiwan stock market has moved lower in back-to-back sessions, dropping more than 570 points or 2.4 percent along the way. The Taiwan Stock Exchange now sits just above the 23,080-point plateau although it may find support on Friday.
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7h 2min ago
