CAC Gives Up Early Gains

RTTNews | 869 days ago
CAC Gives Up Early Gains

(RTTNews) - French stocks gave up early gains to slip into the red on Tuesday as investors braced for the long-awaited Federal Open Market Committee (FOMC) meeting on Wednesday for directional cues.

With inflation running well ahead of the Fed's 2 percent goal, investors wonder whether the U.S. central bank will announce a bigger rate move during the two-day meeting that concludes Wednesday.

The benchmark CAC 40 was down 26 points, or 0.4 percent, at 5,996 after declining 2.7 percent the previous day.

Banks topped the gainers list, with BNP Paribas, Credit Agricole and Societe Generale rising between 0.6 percent and 1.6 percent.

Euronext edged up slightly after it announced the acquisition of the technology businesses from Nexi's capital markets activities.

Atos slumped 17 percent on news of restructuring and CEO exit.

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European Economic News Preview: Eurozone GDP Data Due

European Economic News Preview: Eurozone GDP Data Due

Preliminary GDP estimates from the euro area and other European economies and budget announcement from the UK are due on Wednesday. At 2.30 am ET, France's statistical office INSEE publishes flash GDP and consumer spending figures. The second largest euro area economy is forecast to grow 0.3 percent in the third quarter after expanding 0.2 percent in the preceding period.
RTTNews | 4h 8min ago
Asian Markets Trade Mostly Lower

Asian Markets Trade Mostly Lower

Asian stock markets are trading mostly lower on Wednesday, following the mixed cues from Wall Street overnight, as traders are cautious and reluctant to take positions ahead of the next week's U.S. presidential election and the US Fed's monetary policy decision. Concern about the tension in the Middle East is also weighing on the markets. Asian markets closed mostly higher on Tuesday.
RTTNews | 6h 3min ago
Japanese Market Significantly Higher

Japanese Market Significantly Higher

The Japanese stock market is trading significantly higher on Wednesday, extending the gains in the previous two sessions, following the mixed cues from Wall Street overnight. The Nikkei 225 is moving well above the 39,300 level, with gains across most sectors led by index heavyweights, financial and technology stocks.
RTTNews | 7h 7min ago
Steady Start Eyed For Thai Stock Market

Steady Start Eyed For Thai Stock Market

The Thai stock market has moved lower in back-to-back sessions, slumping more than a dozen points or 0.9 percent along the way. The Stock Exchange of Thailand now sits just above the 1,450-point plateau although it may find traction on Wednesday.
RTTNews | 7h 32min ago
Indonesia Stock Market Due For Support On Wednesday

Indonesia Stock Market Due For Support On Wednesday

The Indonesia stock market has finished lower in five straight sessions, dropping almost 190 points or 2.5 percent along the way. The Jakarta Composite Index now rests just above the 7,600-point plateau although it may stop the bleeding on Wednesday.
RTTNews | 8h 2min ago
Australian Market Modestly Lower

Australian Market Modestly Lower

Australian shares are trading modestly lower on Wednesday, giving up some of the gains in the previous three sessions, with the benchmark S&P/ASX 200 staying above the 8,200 level, following the mixed cues from Wall Street overnight, with weakness in energy and financial stocks partially offset by gains in iron ore miners.
RTTNews | 8h 6min ago