CAC 40 Slides As Fed Flags Lack Of Further Progress On Inflation
French stocks fell notably on Thursday after the U.S. Federal Reserve said it doesn't plan to cut interest rates until it has "greater confidence" that price increases are slowing.
Also weighing on sentiment, the latest HCOB PMI data showed that conditions in the French manufacturing sector continued to deteriorate at the start of the second quarter.
The benchmark CAC 40 was down 67 points, or 0.8 percent, at 7,919 as trading resumed after the May Day holiday.
In corporate news, office services and call center company Teleperformance surged nearly 10 percent after quarterly revenue jumped 26.7 percent, boosted by its acquisition of Dutch rival Majorel completed last year.
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.