CAC 40 Little Changed On Mixed US Bank Earnings
(RTTNews) - French stocks were little changed on Wednesday as mixed messages from the fourth quarter results of major U.S. banks sparked concerns about the deteriorating credit risks.
Investors were also reacting to the Bank of Japan policy decision earlier today.
The central bank maintained interest rates at record-low levels and kept its yield curve tolerance band unchanged, defying market expectations it would overhaul its policy in the wake of rising inflationary pressures.
The benchmark CAC 40 was up 6 points at 7,083 after gaining half a percent the previous day.
Automaker Renault added 1.7 percent after industry data showed European passenger car registrations climbed for the fifth month in a row in December, but at a slower pace than in November.
New car sales in the European Union rose 12.8 percent year-on-year following a 16.3 percent growth in November.
Bay Street Likely To Open On Weak Note
FTSE 100 Down Sharply As Bond Yields Climb Higher
CAC 40 Sheds About 1.3% On Economic Concerns
DAX Down Over 1% On Economic Worries; Allianz, Siemens Energy Up Sharply On Earnings
Sensex, Nifty End Choppy Session Marginally Higher
European Shares Extend Losses On Economic Concerns
China Industrial Output, Retail Sales Growth Eases
