40 inch higher CAC in the dull trade
(RTTNews) – French stocks rose on Monday as investors were relieved that the U.S. consumer inflation report was on target and lower than some had expected.
Investors braced for a reduction in stimulus and interest rate hikes. About 20 central banks are expected to hold monetary policy meetings this week, including the Fed, the European Central Bank and the Bank of England.
The Federal Reserve’s two-day review ends Wednesday, with investors waiting to see if the U.S. central bank will step up its reduction in bond purchases.
The ECB is due to decide the future of its bond buying program at a meeting on Thursday, while the Bank of England should opt to be cautious about Covid rather than worrying about inflation.
The benchmark CAC 40 index rose 17 points, or 0.2%, to 7,008 after finishing down 0.2% on Friday.
Air France KLM was down. The airline said it had repaid 500 million euros on a 4 billion euros loan guaranteed by the French state issued to help the carrier deal with the pandemic.
It was said that discussions are underway on further capital building measures.
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