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CAC 40 Slides As Investors Await ECB Policy Outcome
(RTTNews) - French stocks declined on Thursday as investors wait to see whether the European Central Bank will raise its key interest rate to a record peak, in a bid to tackle inflation in the euro zone.
Caught between stubborn inflation and weakening growth, the central bank is facing a close call.
The benchmark CAC 40 was down 30 points, or 0.4 percent, at 7,192 after losing 0.4 percent the previous day.
Banks BNP Paribas, Credit Agricole and Societe Generale were seeing modest gains. Automaker Renault dropped 1.3 percent after Beijing blasted the launch of a probe by the European Commission into China's electric vehicle (EV) subsidies as protectionist.
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Indian Rupee Falls To 4-day Low Against U.S. Dollar
The Indian rupee weakened against the U.S. dollar in the European session on Monday, as investors await the announcement of the interest rate decision by the Reserve Bank of India (RBI) on Wednesday.
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The French stock market is up firmly in positive territory on Monday with several counters from across various sectors attracting buyers after last week's decline following a sweeping tariff announcement from U.S. President Donald Trump.
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German stocks are up firmly in positive territory on Monday, recovering well from recent losses, as investors look past last week's tariff announcement from U.S. President Donald Trump and focusing on recent earnings.
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