CAC 40 Gains As Investors Await Rate-cut Cues
French stocks traded slightly higher on Thursday ahead of a European Central Bank rate (ECB) decision later in the day.
The ECB is likely to keep interest rates unchanged, but the focus will be on whether President Christine Lagarde would signal interest-rate cuts in June, given easing price pressures and economic weakness.
The benchmark CAC 40 was up 21 points, or 0.3 percent, at 8,067 after finishing marginally lower the previous day.
French advertising company Publicis Groupe added 1.5 percent after its net revenue for the first quarter grew 4.9 percent, reflecting solid performance across all regions.
Societe Generale shares rallied 2.6 percent. The lender has signed a pact with Groupe BPCE to sell Societe Generale Equipment Finance, a professional equipment financing businesses, for 1.1 billion euros.
Market Analysis
Reprinted from RTTNews，the copyright all reserved by the original author.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.