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CAC 40 Subdued As US Midterm Election Results Roll In
(RTTNews) - French stocks were little changed on Wednesday as investors awaited the results of U.S. midterm elections, which will determine control of the House and Senate.
A split government is viewed as a more favorable outcome for financial markets.
The dollar edged higher ahead of the U.S. consumer price inflation report due on Thursday, which might suggest the path for interest rates ahead.
Economists expect a modest slowdown in the annual rate of consumer price growth, which could add to optimism about a slowdown in the pace of rate hikes.
The benchmark CAC 40 slipped 0.1 percent to 6.434 after closing 0.4 percent higher on Tuesday.
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DAX Climbs To New Record High
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The UK construction sector contracted at a slower pace in May as the fall in new orders hit the slowest in four months, survey data from S&P Global showed on Thursday. The construction Purchasing Managers' Index posted 47.9 in May, up from 46.6 in April. The indicator suggested the slowest reduction in output volumes since January.
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Sensex, Nifty Open Higher Ahead Of RBI Meet
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European Economic News Preview: ECB To Cut Interest Rates
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