CAC 40 Rises As Investors Weigh The US Election Impact

RTTNews | 320天前
CAC 40 Rises As Investors Weigh The US Election Impact

(RTTNews) - French stocks traded higher on Friday even as yields on government bonds continued to rise amid inflation concerns and rising odds of a Trump victory in next week's presidential election.

Investors watched Middle East developments closely after reports emerged that Iran is preparing to attack Israel from Iraqi territory in the coming days, possibly before the U.S. election.

Eurozone bonds remained mostly unchanged as signs of accelerating Eurozone inflation raised speculation the European Central Bank will likely adopt a more cautious approach to rate cuts.

The benchmark CAC 40 was up 39 points, or half a percent, at 7,388 after declining 1.1 percent the previous day.

China-related luxury stocks such as LVMH and Herms were seeing modest gains as a private survey showed activity in China's manufacturing sector rebounded in October after a dip into contraction the previous month.

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Fed Cuts Rates By Quarter Point, Forecasts Two More Rate Cuts This Year

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In a widely expected move, the Federal Reserve on Wednesday announced that it has decided to lower interest rates by a quarter point, marking the first rate cut of 2025. The Fed said it decided to lower the target range for the federal funds rate by 25 basis points to 4.0 percent to 4.25 percent, citing a shift in the balance of risks.
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RTTNews | 2小時22分鐘前
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RTTNews | 3小時49分鐘前
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RTTNews | 4小時30分鐘前
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RTTNews | 5小時30分鐘前
UK Inflation Unchanged At 3.8%

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RTTNews | 6小時42分鐘前
U.S. Housing Starts Plunge 8.5% In August, Much More Than Expected

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