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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Yen Falls As Traders Doubt On BoJ Rate Hike
The Japanese yen weakened against major currencies in the Asian session on Friday, as investors continued to have doubts about whether the Bank of Japan (BoJ) would likely raise interest rates once more.
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5 h 39 min atrás
Yen Falls Against Majors
The Japanese yen weakened against major currencies in the Asian session on Friday.
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5 h 59 min atrás
Macy's To Close 66 Stores Under 'Bold New Chapter' Strategy
Department store chain Macy's Inc. is closing 66 Macy's non-go-forward store locations in 2025, as part of its strategic plan, called "A Bold New Chapter", aiming to return to sustainable, profitable sales growth. The move comes after the Omni-channel fashion retailer, which owns Macy's, Bloomingdale's and Bluemercury brands, slashed its fiscal 2024 adjusted earnings guidance in early December.
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6 h 23 min atrás
European Economic News Preview: France Industrial Output, Consumer Spending Due
Industrial production and consumer spending from France and retail sales from Italy are due on Friday, headlining a light day for the European economic news. At 1.45 am ET, the State Secretariat for Economic Affairs releases Swiss unemployment data for December. The jobless rate is forecast to rise to 2.7 percent from 2.6 percent in the previous month.
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6 h 51 min atrás
European Shares Set For Muted Start Before US Jobs Data
European stocks may drift lower at open on Friday as investors brace for the all-important U.S. jobs report later in the day.
RTTNews
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7 h 43 min atrás
Sensex, Nifty Follow Global Peers Lower; IT Stocks Surge
Indian shares opened lower on Friday, mirroring weak cues from global markets amid Trump's tariff threats and expectations of fewer interest-rate cuts by the U.S. Federal Reserve in 2025.
RTTNews
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8 h 57 min atrás
Asian Markets Mixed Amid Cautious Trades
Asian stock markets are trading mixed on Friday, following the mixed cues from European markets and lack of cues from Wall Street overnight as they were closed, as traders are cautious ahead of the release of the closely watched US monthly jobs later in the day, which will potentially provide additional clarity about the strength of the labor market and the outlook for interest rate cuts.
RTTNews
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10 h 1 min atrás
Australian Market Maintains Early Losses In Mid-market
The Australian stock market is maintain its early losses in mid-market trading on Friday, also adding to the losses in the previous session, following the mixed cues from European markets and lack of cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,300 level, with weakness in financial, energy and technology stocks partially offset by gains in mining stocks.
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10 h 35 min atrás
