CAC 40 Edges Higher On Fed Repricing
(RTTNews) - French stocks advanced on Wednesday as investors continued to assess the prospects for interest- rate cuts following last week's weaker-than-expected U.S. jobs report. It seems that markets have shrugged off comments from Federal Reserve Bank of Minneapolis President Neel Kashkari, who said Tuesday that rates will likely stay high for an "extending period" and that he would support a hike if inflation stalls near 3 percent.
The benchmark CAC 40 was up 66 points, or 0.8 percent, at 8,141 after adding 1 percent the previous day.
In corporate news, Alstom SA shares surged 4.6 percent.
The manufacturer of infrastructures for rail transport sector said it is planning a capital increase of about €1 billion ($1.1 billion) to shore up its finances.
Canadian Dollar Advances Against Majors
Swiss Market Ends Higher For 2nd Straight Session
Major European Markets Close Slightly Weak
TSX Marches On, Hits Fresh Record High; Materials Stocks Rally
Bank Of Japan Holds Rate Steady; Plans To Lower ETF Holdings
Bay Street Likely To Open On Subdued Note
FTSE 100 Recovers After Slight Setback, Up Marginally At Noon
