CAC-40 Rises As Easing Inflation Limits Pain Of Fed Fears
RTTNews 2023-09-19 10:21:32 • 1 min
Relief at a downward revision in inflation rates in the Euro Area propped up positive sentiment ahead of the FOMC outcome to be known on Wednesday. The CAC-40 benchmark has risen in cautious optimism.
Data released just a while ago showed annual inflation in the Euro Area being revised lower to 5.2 percent in the month of August. The reading, which is the lowest since January 2022 was initially estimated at 5.3 percent.
The CAC-40 is currently trading at 7,293.66, adding 0.24 percent from the previous close of 7378.82. The day's trading has been between 7,247.02 and 7306.02.
