CAC 40 Gains On Fed Rate-cut Optimism

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CAC 40 Gains On Fed Rate-cut Optimism

(RTTNews) - French stocks were seeing modest gains on Tuesday ahead of final inflation figures from the euro area due later in the day.

The benchmark CAC 40 was up 12 points, or 0.2 percent, at 7,514 after climbing 0.7 percent in the previous session.

The dollar hovered near a seven-month low amid bets the U.S. Federal Reserve will start cutting interest rates from next month.

Minneapolis Fed President Neel Kashkari said in an interview to the Wall Street Journal that he would be open to lowering interest rates in September because of the rising possibility of a weakening labor market.

Traders look ahead to the release of July FOMC minutes and Fed Char Jerome Powell's speech at the Jackson Hole Symposium this week for additional clues on the outlook for interest rates.

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Tokyo Inflation Falls Below 2%

Tokyo Inflation Falls Below 2%

Inflation in Japan's capital Tokyo fell below 2 percent for the first time since May, data from the Ministry of Internal Affairs and Communications showed Friday. Excluding fresh food, consumer price inflation weakened to 1.8 percent in October from 2.0 percent in September. Inflation was seen at 1.7 percent. The rate fell below 2.0 percent for the first time in five months.
RTTNews | 4h 12minuter sedan
China Keeps Medium-Term Lending Facility Rate Unchanged

China Keeps Medium-Term Lending Facility Rate Unchanged

China's central bank left the rate on medium-term lending facility unchanged on Friday after lowering the rate by 30 basis points last month. The People's Bank of China maintained the medium-term lending facility rate at 2.0 percent. The central bank today conducted a seven-day reverse repo operations of CNY 292.6 billion at an interest rate of 1.5 percent.
RTTNews | 4h 59minuter sedan
Antipodean Currencies Fall Ahead Of U.S. Presidential Election

Antipodean Currencies Fall Ahead Of U.S. Presidential Election

The Antipodean currencies such as the Australia and the New Zealand dollars weakened against their major currencies in the Asian session on Friday, as investors are awaiting the outcome of the U.S. presidential election on Sunday.
RTTNews | 5h 19minuter sedan
European Economic News Preview: German Ifo Business Confidence Data Due

European Economic News Preview: German Ifo Business Confidence Data Due

Business confidence from Germany and monetary aggregates from the euro area are the top economic news due on Friday. At 2.45 am ET, France's consumer confidence survey data is due. Economists expect the confidence index to fall slightly to 94 in October from 95 in the previous month.
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NZ Dollar Slides Against Majors

NZ Dollar Slides Against Majors

The New Zealand dollar weakened against other major currencies in the Asian session on Friday.
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Thai Shares May Stop The Bleeding On Friday

Thai Shares May Stop The Bleeding On Friday

The Thai stock market has tracked lower in four straight sessions, slipping almost 35 points or 2.5 percent along the way. The Stock Exchange of Thailand now sits just above the 1,460-point plateau although it may find traction on Friday.
RTTNews | 9h 19minuter sedan