CAC 40 Rises As Inflation Fears Ease
(RTTNews) - French stocks advanced on Thursday after the minutes from the U.S. Federal Reserve's latest policy meeting revealed commitment among officials to fight record-high inflation.
Falling commodity prices, especially a drop in Brent crude futures below $100 a barrel, also helped ease investor concerns surrounding inflation and aggressive rate hikes by major central banks.
The benchmark CAC 40 climbed 80 points, or 1.4 percent, to 5,992 after adding 2 percent the previous day.
Economy-sensitive stocks were rising, with automaker Renault rallying 4.5 percent.
Electric utility EDF edged lower after saying that a search for a successor to EDF's Chairman and Chief Executive Jean-Bernard Lévy will be launched as his tenure will end on March 18, 2023.
Rebound Anticipated For South Korea Stock Market
Indonesia Retail Sales Data Due On Monday
Canadian Dollar Falls Against Most Majors
Canadian Market Modestly Higher; Technology Stocks Among Notable Gainers
Swiss Market Ends Marginally Up
Major European Markets Close On Mixed Note
Positive Start Seen For Canadian Stocks
