CAC 40 Marginally Lower Ahead Of Fed Rate Decision

French stocks were flat to slightly lower on Wednesday after sharp gains in the previous session.

As the pace of new coronavirus infections slows, investors shifted their focus to a U.S. Federal Reserve meeting ending later today and a European Central Bank (ECB) meeting on Thursday for direction.

The benchmark CAC 40 was down 6 points at 4,563 after gaining 1.4 percent in the previous session.

Banks were broadly higher. BNP Paribas advanced 1.6 percent, Credit Agricole jumped about 4 percent and Societe Generale added 2 percent.

Plane maker Airbus rose half a percent. After reporting a consolidated net loss of 481 million euros for the first quarter, the company said the assessment of Covid-19 implications on outlook is in progress.

Oil & gas company Total SA rallied 2.3 percent as oil prices rebounded on the back of lower-than-expected rise in U.S. stockpiles.



by WooHoo Ireland


Woooo Fx Education

Camden Street Lower, St Kevin's, Dublin 2, Ireland D 02 XE 80 | +353-214-651-000 |

currency hedger logo_small.png
woohoo fx eu_gdpr_compliant_logo.png

Trading in leveraged currency contracts comes with substantial risk. You must be aware of these risks before opening an account to trade. High leverage amplifies gains as well as losses, leading to potential loss of the entire account balance. Trading in leveraged currency contracts may not be suitable for every investor. Never speculate using money that you cannot afford to lose.

© 2019 by WoOHOo Fx. Proudly created with WoOHoO AI Ireland

  • Facebook
  • Twitter
  • LinkedIn
  • Instagram