CAC 40 Little Changed Ahead Of Fed, BoE Meetings

RTTNews | 10h 37phút trước
CAC 40 Little Changed Ahead Of Fed, BoE Meetings

(RTTNews) - French stocks held steady on Wednesday ahead of upcoming Federal Reserve and Bank of England meetings.

Markets have priced in 25-basis point rate cut from the Federal Reserve later in the day.

Investors will closely scrutinize the Fed's updated economic projections and dot plot for insights into the pace and extent of potential rate cuts throughout 2025.

The Bank of England is expected to leave interest rates unchanged at 4.75 percent on Thursday after data showed U.K. inflation accelerated to 2.6 percent in November, driven by an increase in fuel prices.

The benchmark CAC 40 was marginally higher at 7,371 after finishing 0.1 percent higher on Tuesday.

Credit Agricole rose about 1 percent after it appointed Olivier Gavalda as the bank's new CEO.

Renault, which owns around 23 percent of Japan's Nissan, surged nearly 6 percent after reports emerged that Honda and Nissan have initiated talks on a possible merger.

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General Mills Cuts FY25 View Despite Q2 Above Market; Stock Drops

General Mills Cuts FY25 View Despite Q2 Above Market; Stock Drops

Shares of General Mills, Inc. were losing around 6 percent in the pre-market activity on the NYSE after the branded food company on Wednesday trimmed its fiscal 2025 earnings view, and said it sees net sales at the lower end of estimate range, citing increased promotional investment. This was despite reporting higher second-quarter profit and revenues, above market estimates.
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UK Inflation Highest In 8 Months

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RTTNews | 8h 1phút trước
Pound Falls Against Majors

Pound Falls Against Majors

The British pound weakened against other major currencies in the European session on Wednesday.
RTTNews | 8h 29phút trước
Eurozone Inflation Rises Less Than Estimate

Eurozone Inflation Rises Less Than Estimate

Eurozone inflation grew at a slightly slower than initially estimated pace in November, revised data published by Eurostat showed on Wednesday. The harmonized index of consumer prices rose 2.2 percent year-on-year in November, following a 2.0 percent increase in October. The rate was revised down from 2.3 percent.
RTTNews | 8h 32phút trước