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CAC 40 Inches Higher As Banks Climb Ahead Of Fed Decision
(RTTNews) - French stocks were moving higher on Wednesday as investors await the FOMC interest-rate decision later in the day.
The Federal Reserve may opt to maintain its current interest rates despite inflation remaining at levels above target range.
Focus will be on Fed Chair Jerome Powell's comments on inflation and the economy. The benchmark CAC 40 was up 25 points, or 0.4 percent, at 7,307 after finishing marginally higher the previous day.
Banks traded higher, with BNP Paribas, Credit Agricole and Societe Generale rising between 0.9 percent and 1.3 percent.
Automaker Renault was marginally higher after data showed EU car sales grew 21 percent in August.
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Switzerland Logs Weaker Growth, Trims 2026 Outlook
The Swiss economy expanded modestly in the second quarter, as estimated earlier, and higher U.S. tariffs are set to push down growth prospects, the State Secretariat for Economic Affairs said Thursday. Gross domestic product grew 0.1 percent from the first quarter, unchanged from the flash estimate. Growth softened notably from 0.7 percent in the first quarter.
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1h 10min atrás
U.S. GDP Jumps More Than Previously Estimated In Q2
The U.S. economy grew by more than previously estimated in the second quarter of 2025, according to revised data released by the Commerce Department on Thursday.
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1h 17min atrás
U.S. Weekly Jobless Claims Edge Down To 229,000
A report released by the Labor Department on Thursday showed a modest decrease by first-time claims for U.S. unemployment benefits in the week ended August 23rd.
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1h 23min atrás
FTSE 100 Down 0.4% In Cautious Trade
After a slightly positive start, U.K. stocks turned weak Thursday morning with investors treading cautiously amid a lack of triggers. Shares of financials and utilities companies are struggling a bit.
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2h 33min atrás
CAC Up Slightly; Pernod Ricard Rises On Earnings
The French market is up slightly a little past noon on Thursday, supported by data showing an increase in new car registrations in Europe, and stronger-than-expected results and forecast from AI chip major Nvidia.
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2h 52min atrás
DAX Retreats After Firm Start, Down Marginally
After opening on a strong note thanks to easing AI slowdown fears after Nvidia's impressive results, the German market retreated and slipped into negative territory on Thursday. Despite paring some early gains, auto stocks remain fairly well up in positive territory.
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3h 16min atrás
Swiss Franc Rises Against Majors
The Swiss franc strengthened against other major currencies in the European session on Thursday.
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3h 31min atrás
Sensex, Nifty Retreat On US Tariff Worries
Indian shares fell sharply on Thursday as traders waited to see how New Delhi responds to pressure from Washington to stop buying Russian oil after the 50 percent tariffs levied by the U.S. on Indian goods came into effect on Wednesday.
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3h 36min atrás
