CAC 40 slips to lowest since early July on rate-hike worries
The CAC 40 fell 0.2% to 8,264 Monday, extending prior-week losses to the lowest since early July. Investors weighed expectations for further ECB rate hikes and renewed inflation concerns after US-Iran strikes.
2% to 8,264 on Monday, extending losses from the previous week and hitting its lowest level since early July, as investors grew cautious over expectations for further interest rate hikes by major central banks. The European Central Bank is widely expected to raise borrowing costs later this week, with markets also pricing in another rate increase in December. Expectations for tighter monetary policy were reinforced by renewed inflation concerns after the US and Iran exchanged strikes on vessels over the weekend. 8%.
2%, respectively.