CAC Gives Up Early Gains

RTTNews | 1007 ngày trước
CAC Gives Up Early Gains

(RTTNews) - French stocks gave up early gains to slip into the red on Tuesday as investors braced for the long-awaited Federal Open Market Committee (FOMC) meeting on Wednesday for directional cues.

With inflation running well ahead of the Fed's 2 percent goal, investors wonder whether the U.S. central bank will announce a bigger rate move during the two-day meeting that concludes Wednesday.

The benchmark CAC 40 was down 26 points, or 0.4 percent, at 5,996 after declining 2.7 percent the previous day.

Banks topped the gainers list, with BNP Paribas, Credit Agricole and Societe Generale rising between 0.6 percent and 1.6 percent.

Euronext edged up slightly after it announced the acquisition of the technology businesses from Nexi's capital markets activities.

Atos slumped 17 percent on news of restructuring and CEO exit.

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U.S. Business Inventories Rise In Line With Estimates In January

Business inventories in the U.S. increased in line with economist estimates in the month of January, according to a report released by the Commerce Department on Monday. The Commerce Department said business inventories rose by 0.3 percent in January after dipping by 0.2 percent in December. The rebound matched expectations.
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U.S. Homebuilder Confidence Slumps To Seven-Month Low In March

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New York Manufacturing Activity Drops Significantly In March

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Dollar Weakens With Cooling Inflation

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The U.S. dollar extended losses against major currencies during the week ended March 14 amidst a larger-than-expected softening in consumer price inflation as well as producer price inflation.
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U.S. Retail Sales Rebound Less Than Expected In February

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After reporting a notable decrease by U.S. retail sales in the previous month, the Commerce Department released a report on Monday showing a modest rebound by retail sales in the month of February.
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Bay Street Likely To Open On Mixed Note

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Canadian shares are likely to open on a mixed note Monday morning, tracking commodity prices and European markets. The mood is likely to remain cautious with investors looking ahead to the Federal Reserve's monetary policy announcement on Wednesday.
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