CAC 40 Edges Higher As Investors Shrug Off Hawkish Fed Minutes

RTTNews | 568 dias atrás
CAC 40 Edges Higher As Investors Shrug Off Hawkish Fed Minutes

(RTTNews) - French stocks were slightly higher on Wednesday despite the latest FOMC minutes offering no indication of possible rate cuts.

Hamas and Israel have agreed to a Qatar-mediated pause in fighting, helping ease Middle East tensions.

The deal includes the release of 150 Palestinian prisoners held in Israeli jails in exchange for 50 people held captive by Hamas in Gaza since the armed group that rules the enclave stormed southern Israel on October 7.

The benchmark CAC 40 was up 31 points, or 0.4 percent, at 7,260 after declining 0.2 percent in the previous session.

Retail company Casino Group fell 1.3 percent after warning of likely 2023 losses for its core French business.

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Pound Slides Against Majors

Pound Slides Against Majors

The British pound weakened against other major currencies in the European session on Thursday.
RTTNews | 18 minutos atrás
Yen Rises Against Majors

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the Asian session on Thursday.
RTTNews | 1 h 23 min atrás
European Economic News Preview: UK GDP, Foreign Trade Data Due

European Economic News Preview: UK GDP, Foreign Trade Data Due

Monthly GDP, industrial production and foreign trade from the UK are due on Thursday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK GDP, industrial production and foreign trade figures. The economy is forecast to shrink 0.1 percent on a monthly basis in April, reversing a 0.2 percent rise in March.
RTTNews | 3 h 31 min atrás