CAC 40 Rises As Inflation Fears Ease

RTTNews | 915 days ago
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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Indian Economy To Expand 6.4% In FY25, Weakest In 4 Years: Govt Estimate

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India's economy is set to grow at the slowest pace in 4 years in the fiscal year 2024-25, initial estimates from the government showed on Tuesday. Gross domestic product is expected to grow 6.4 percent in the financial year ending March 31 following an 8.2 percent expansion in the previous fiscal.
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Swiss Market Ends On Strong Note After Inflation Data

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