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FRENCH STOCKS DECLINE ON RATE CUT EXPECTATIONS

FRENCH STOCKS DECLINE ON RATE CUT EXPECTATIONS

Data formattata: 16 gennaio 2024 | Ora: 10:37

FRENCH STOCKS DECLINE ON DOWNGRADED RATE CUT EXPECTATIONS

French stocks declined on Tuesday as traders lowered their expectations on near-term rate cuts by the U.S. Federal Reserve and the European Central Bank. This shift in sentiment weighed on the benchmark CAC 40, which was down 0.4 percent after closing lower the previous day.

ECB GOVERNOR HINTS AT FUTURE INTEREST RATE CUT

The French central bank Governor, Francois Villeroy de Galhau, stated in Davos that it is too early to declare victory over inflation. However, he suggested that the European Central Bank's next move is likely to be an interest rate cut sometime this year. This comment adds to the speculation surrounding future monetary policy actions.

AIR FRANCE-KLM GROUP SHARES FALL ON CARGO AGREEMENT WITHDRAWAL

Air France-KLM Group shares fell over 2 percent after the airline announced its decision to withdraw from its existing air cargo agreements with CMA CGM, a French shipping and logistics company. This change will take effect from March 31, 2024, and could impact the company's future financial performance.

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