CAC 40 Struggles For Direction Before US Inflation Test

RTTNews | 188 ngày trước
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 Retreats Against Majors

Yen Retreats Against Majors

The Japanese yen retreated from recent highs against other major currencies in the Asian session on Monday.
RTTNews | 5h 24phút trước
BoJ Chief Says Future Rate Decisions Will Be Data Dependent

BoJ Chief Says Future Rate Decisions Will Be Data Dependent

Bank of Japan Governor Kazuo Ueda said the future interest rate decisions will be data-dependent and avoided giving clear idea about the timing of the next rate hike. At each monetary policy meeting, the BoJ will make policy decisions based on its assessment of economic activity and prices with the data and information available at the time of each meeting, Ueda told business leaders in Nagoya.
RTTNews | 5h 25phút trước
Yen Rises Against Majors

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the Asian session on Monday.
RTTNews | 7h 35phút trước
European Shares Poised To Open On Firm Note

European Shares Poised To Open On Firm Note

European stocks are seen opening on a positive note Monday, even as the upside may remain capped due to concerns about the path of interest rates.
RTTNews | 7h 48phút trước
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 | 8h 22phút trước
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 | 9h 58phút trước
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 | 10h 51phút trước
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 | 10h 59phút trước