Advertisement
CAC 40 Gains In Cautious Trade
(RTTNews) - French stocks rose on Friday despite lingering worries about the impact of China's "zero-COVID" strategy and fresh indications that the U.S. Federal Reserve will keep raising rates to fight inflation.
The benchmark CAC 40 was up 35 points, or half a percent, at 6,610 after losing half a percent the previous day.
Banks traded mostly higher as the European Central Bank begins the biggest withdrawal of cash from the euro zone's banking system in its history.
BNP Paribas climbed 1.2 percent and Credit Agricole added 0.7 percent.
The dollar edged lower in early European trade but was still heading for a weekly gain following recent hawkish Fed comments.
Oil pared early gains and was on track for a steep weekly decline on concerns about weakening demand in China.
Bank Of Japan Keeps Rate On Hold; Lifts Inflation Forecast On Rising Food Prices
Yen Rises After BoJ Rate Decision
Yen Rises Against Majors
European Shares Seen Up With Tech Earnings In Focus
European Economic News Preview: German Inflation, Unemployment Data Due
Sensex, Nifty Decline As Trump Slaps 25% Tariffs On India
Australian Market Trims Early Losses In Mid-market
