CAC 40 Struggles For Direction Before US Inflation Test
(RTTNews) - French stocks struggled for direction on Tuesday as caution prevailed ahead of the release of U.S. inflation data that might influence the outlook for rates.
The U.S. producer price inflation report is likely to be in the spotlight today along with Fed Chair Jerome Powell's remarks during a moderate discussion with De Nederlandsche Bank President Klaas Knot.
The consumer price inflation report is due on Wednesday and economists expect prices to climb by 0.4 percent in April, matching the increase seen in March.
The benchmark CAC 40 was marginally lower at 8,208 after ending 0.1 percent lower the previous day.
In corporate news, Veolia shares rallied 2.4 percent after the waste and water management company met first-quarter core profit expectations and announced it had bagged a $320 million water technology contract for a desalination plant in the United Arab Emirates.
European Shares Likely To Open On Cautious Note Ahead Of Fed Minutes
Indian Shares Drift Lower Ahead Of RBI Rate Decision
Australian Market Trims Early Losses In Mid-market
Asian Markets Trade Mostly Lower
Indian Shares Seen Lower As Investors Await RBI Policy Outcome
Higher Open Called For Thai Stock Market
Japanese Market Modestly Lower
