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CAC 40 Slips As Investors Look To ECB
(RTTNews) - French stocks traded slightly lower on Wednesday as traders waited to see if the European Central Bank would raise rates on Thursday against the backdrop of weakening economic activity and cooling inflation.
Investors also kept a close eye on the Middle East war as the Israel Défense Forces (IDF) gear up for a significant ground offensive in the Gaza Strip.
The benchmark CAC 40 was down 15 points, or 0.2 percent, at 6,878 after gaining 0.6 percent the previous day.
China-exposed luxury group Kering lost 3 percent after revenue declined in Q3. Dassault Systemes jumped 6.3 percent after the software maker raised its 2023 profit outlook.
Industrial-gas supplier Air Liquide rose about half a percent after the company said its project backlog and investment plans are at record levels.
Pound Slides On Weak U.K. GDP Data
Pound Slides Against Majors
Commodity Currencies Slide Amid Rising Geopolitical Risks, Yen Rises
Yen Rises Against Majors
Canadian Dollar Drops Against Majors
NZ Dollar Slides Against Most Majors
Australian Dollar Falls Against Majors
