CAC 40 Edges Lower In Lackluster Trade
(RTTNews) - French stocks were slightly lower on Monday as investors kept a close eye on tensions in the Middle East and awaited cues from Fed Chair Jerome Powell's congressional testimony due this week for fresh insights into the monetary policy outlook.
The testimony is scheduled for two days March 6 and 7.
Meanwhile, the European Central Bank is expected to freeze interest rates again this week amid a complex economic landscape.
The benchmark CAC 40 was down 10 points, or 0.1 percent, at 7,923 after ending marginally higher on Friday.
BNP Paribas added 1.5 percent. The financial services major has announced the launch of a share repurchase program of 1.055 billion euros.
The repurchase period will begin on March 4, and will end no later than April 23.
European Shares Drift Lower Ahead Of US Inflation Reading
Antipodean Currencies Rise As Traders Await U.S. PCE Inflation Data
Asian Shares Mixed Ahead Of US PCE Inflation Data
NZ Dollar Advances Against Majors
Australian Dollar Rises Against Majors
European Shares Seen Mostly Lower Before US Inflation Data
Sensex, Nifty Struggle For Direction In Early Trade
