CAC 40 Marginally Lower In Lacklustre Trade

2024-08-30 1094
(fxcue news) - French stocks were subdued on Thursday as investors looked ahead to the release of more U.S. and Eurozone economic data this week for clues to the economic and rate outlook. The dollar remained on the back foot on expectations of deeper interest rate cuts, with some believing the Federal Reserve might go big with a supersized 50 bps interest rate cut in the September meeting to boost growth. Closer home, the European Central Bank can continue to cut interest rates given the slowdown in inflation, and there is a risk the bank could keep policy too tight, ECB board member Piero Cipollone told a French newspaper on Wednesday. The benchmark CAC 40 was down 0.1 percent at 7,492 after losing 1 percent the previous day.
Sign In via X Google Sign In via Google
This page link:http://www.fxcue.com/112006.html
Tips:This page came from Internet, which is not standing for FXCUE opinions of this website.
Statement:Contact us if the content violates the law or your rights

Please sign in

关注我们的公众号

微信公众号