CAC 40 rises 0.6% on easing bond yields
The CAC 40 gained 0.6% to close at 8,188, with the rally supported by slowing bond-yield pressure.
6% to close at 8,188 on Thursday, as the recent rally in oil prices lost steam, limiting the rise in bond yields. The moves followed reports that Saudi Arabia aims to restore around half of its East-West pipeline capacity within days and return it to full operation within six weeks. 3%. The rate remained well above the ECB’s 2% target.
Meanwhile, the US Federal Reserve delivered an expected 25-bp rate hike. 7%. 5%) closed lower. 7%, while most other luxury stocks closed lower.