CAC 40 Rebounds In Cautious Trade
(RTTNews) - French stocks rose on Wednesday following a tech rally on Wall Street overnight. The benchmark CAC 40 was up 27 points, or 0.4 percent, at 7,689 after declining 0.6 percent on Tuesday.
The euro extended declines against the dollar after a survey showed German consumer confidence is set to worsen in July.
Hawkish comments from Fed officials also benefited the dollar.
Federal Reserve governor Michelle Bowman has warned of upside risks to the inflation outlook and reiterated the need to keep borrowing costs elevated "for some time".
Her counterpart Lisa Cook said that the timing of any rate adjustment will depend on how economic data evolve and what they imply for the economic outlook and balance of risks.
Amid much uncertainty about the interest-rate outlook, investors braced for the release of key U.S. inflation reading, due later this week for further direction.
Eurozone bond yields continued to advance due to political uncertainty resulting from changes in the partisan landscape in the region.
TSX Ends On Firm Note As Technology, Consumer Discretionary Stocks Rally
Dollar Rises Against Major Counterparts Ahead Of Eventful Week
Swiss Market Ends On Firm Note On Strong Economic Data
European Stocks Close Higher As Investors React Positively To Earnings Announcements
Brazilian Real Weakens To Near 3-month Low Against U.S. Dollar
Pound Firms Against Majors
U.S. Construction Spending Inches Slightly Higher In September
