FX.co ★ CAC 40 Edges Higher On Fed Repricing

On Wednesday, French stock exhibited a positive performance. Investors were analysing the potential of interest-rate cuts in light of the recent U.S. jobs report which showed weaker than expected results. Despite comments from Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, suggesting that rates would likely remain high for a prolonged period, the market remained unfazed. He also stated his support for an interest rate hike if inflation hovered close to 3 percent.

The benchmark index in France, the CAC 40, experienced a rise, gaining 66 points, which represents a 0.8% increase, leaving it at 8,141. This comes after its gain of 1% the day before.

In industry-specific news, shares in Alstom SA, a leading creator of infrastructure in the rail transport sector, saw a significant surge, increasing by 4.6 percent. The company announced plans for a capital hike of around €1 billion ($1.1 billion) with an intent to bolster their finances.