CAC 40 rises 0.3% ahead of ECB rate decision
France’s CAC 40 rose 0.3% to 8,179 on Thursday, rebounding from a near three-month low as investors waited for the ECB’s interest rate decision later in the day. The session had mixed stock moves, with TotalEnergies up 0.6% while several names lagged.
3% to 8,179 on Thursday, bouncing back from a near three-month low in the prior session as investors waited for the European Central Bank’s rate decision later in the day. The ECB is broadly expected to raise rates by 25 bps, with market attention centered on policymakers’ guidance for the future direction of monetary policy. Sentiment stayed fragile as oil prices remained elevated after Iran signaled readiness for a more intense conflict, while US President Donald Trump said the war was unlikely to end before the November midterm elections. 6% to its highest since May as higher crude prices continued to support energy shares.