CAC 40 Edges Higher On Fed Repricing
(RTTNews) - French stocks advanced on Wednesday as investors continued to assess the prospects for interest- rate cuts following last week's weaker-than-expected U.S. jobs report. It seems that markets have shrugged off comments from Federal Reserve Bank of Minneapolis President Neel Kashkari, who said Tuesday that rates will likely stay high for an "extending period" and that he would support a hike if inflation stalls near 3 percent.
The benchmark CAC 40 was up 66 points, or 0.8 percent, at 8,141 after adding 1 percent the previous day.
In corporate news, Alstom SA shares surged 4.6 percent.
The manufacturer of infrastructures for rail transport sector said it is planning a capital increase of about €1 billion ($1.1 billion) to shore up its finances.
European Shares Slide As Auto Stocks Weigh
Asian Shares Mixed As Investors Ponder Fed's Rate Path
Dollar Edges Up After Fed's Cautious Rate Cut
European Shares Seen Mostly Lower In Cautious Trade
China Leaves Key Interest Rates Unchanged
Sensex, Nifty Little Changed; IT Stocks Tumble After H-1B Visa Fee Increase
Australian Market Trims Early Gains In Mid-market
