FX.co ★ CAC 40 Edges Higher Ahead of Federal Reserve Decision

The CAC 40 index in Paris edged up by 0.2% to 7,840 on Wednesday, as it attempted to bounce back after a 1% decline the day before. Investors are closely watching the outcome of the US Federal Reserve’s policy meeting, with expectations pointing towards the first 25-basis-point rate cut in nearly nine months. Market participants are particularly interested in Fed Chair Jerome Powell’s remarks during the press conference, seeking insights into future policy directions. Meanwhile, in Europe, attention is also focused on the release of the final inflation figures for the euro area for August, set to be unveiled in the morning, which could provide further understanding of inflationary pressures. On the corporate front, notable stocks exhibiting gains included Edenred (+1.0%), Accor (+1.1%), and EssilorLuxottica (+0.7%), whereas ENGIE (-0.7%), ArcelorMittal (-0.5%), and Teleperformance (-0.5%) saw declines in their stock prices.