CAC 40 Rises In Cautious Trade
(RTTNews) - French stocks eked out modest gains in cautious trade on Wednesday amid expectations that the European Central Bank is finished with the process of raising rates for now.
The euro extended losses for a second straight session against the dollar as investors await the Federal Reserve's rate decision and Chair Jerome Powell's press conference later in the day.
The benchmark CAC 40 was up 23 points, or 0.3 percent, at 6,908 after climbing 0.9 percent the previous day.
Banks BNP Paribas, Credit Agricole and Societe Generale were up between half a percent and 0.7 percent. Automaker Renault gained 0.7 percent.
China-exposed LVMH and Kering traded lower after a private survey showed China's manufacturing PMI fell to 49.5 in October from 50.6 in September.
Higher Open Called For Japan Stock Market
KOSPI May Reclaim 3,200-Point Level
Korea Interest Rate Decision Due On Thursday
Swiss Franc Advances Against Majors
European Stocks Close On Mixed Note
Euro Falls Amid Political Uncertainty
Bay Street Likely To Open On Positive Note
