CAC 40 Gains As Focus Turns To Powell's Speech
(RTTNews) - French stocks traded higher on Thursday after softer-than-economic data from the U.S. and Europe increased the chances that big central banks would soon stop raising interest rates.
A pause in ECB rate hikes this September seems more likely, a day after data showed Eurozone business activity declined far more than expected in August.
The Jackson Hole event lined up this week is being anxiously awaited by investors for clues on U.S. interest rates.
The benchmark CAC 40 was up 50 points, or 0.7 percent, at 7,296 after finishing marginally higher the previous day.
In corporate news, energy provider Engie was little changed after it signed a binding agreement to acquire Broad Reach Power, a company specialized in battery storage and based in Houston, from private equity funds EnCap and Apollo.
NZ Dollar Slides Against Most Majors
Australian Dollar Falls Against Majors
European Shares Seen Opening Up On US-China Trade Truce
European Economic News Preview: UK Unemployment Data Due
Sensex, Nifty Slightly Higher In Early Trade
Australian Market Trims Early Gains In Mid-market
Asian Markets Trade Mostly Higher
