CAC 40 Gains On Fed Rate-cut Optimism
(RTTNews) - French stocks were seeing modest gains on Tuesday ahead of final inflation figures from the euro area due later in the day.
The benchmark CAC 40 was up 12 points, or 0.2 percent, at 7,514 after climbing 0.7 percent in the previous session.
The dollar hovered near a seven-month low amid bets the U.S. Federal Reserve will start cutting interest rates from next month.
Minneapolis Fed President Neel Kashkari said in an interview to the Wall Street Journal that he would be open to lowering interest rates in September because of the rising possibility of a weakening labor market.
Traders look ahead to the release of July FOMC minutes and Fed Char Jerome Powell's speech at the Jackson Hole Symposium this week for additional clues on the outlook for interest rates.
TSX Ends Modestly Lower
Dollar Turns In Mixed Performance Against Major Counterparts
U.S. Stocks Close Notably Lower; Nasdaq Sheds 1.5 Percent
U.S. Stocks Down Firmly In Negative Territory; Nasdaq Tumbled 1.7 Percent
Swiss Market Ends On Firm Note
Canadian Dollar Declines Against Most Majors
European Markets Close Higher
