CAC 40 Rises As Inflation Fears Ease

RTTNews | 1138 dagar sedan
Stocktwits
CAC 40 Rises As Inflation Fears Ease

(RTTNews) - French stocks advanced on Thursday after the minutes from the U.S. Federal Reserve's latest policy meeting revealed commitment among officials to fight record-high inflation.

Falling commodity prices, especially a drop in Brent crude futures below $100 a barrel, also helped ease investor concerns surrounding inflation and aggressive rate hikes by major central banks.

The benchmark CAC 40 climbed 80 points, or 1.4 percent, to 5,992 after adding 2 percent the previous day.

Economy-sensitive stocks were rising, with automaker Renault rallying 4.5 percent.

Electric utility EDF edged lower after saying that a search for a successor to EDF's Chairman and Chief Executive Jean-Bernard Lévy will be launched as his tenure will end on March 18, 2023.

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