On Wednesday, French stocks remained relatively unchanged as investors anticipated forthcoming Eurozone inflation data and comments from Federal Reserve Chairman, Jerome Powell, to gain insights on the potential timing and rate of interest cuts.
Later in the day, trading may be influenced by the closely monitored ADP employment report, ahead of Friday's announcement of non-farm payroll data. The benchmark French stock index, the CAC 40, saw a slight increase to 8,131, following a 0.9 percent drop on Tuesday.
Among the noteworthy moves, TotalEnergies experienced a modest increase after entering into a preliminary agreement with Sinopec. This joint venture will aim to produce sustainable aviation fuel from waste oils.
Meanwhile, Renault Group, a leading automotive company, recorded a half-percent decrease following news that the CMA CGM Group acquired a ten percent stake in a joint venture launched by Flexis SAS. This joint venture, initiated by Renault Group and Volvo Group on March 22, seeks to develop the next generation of electric vans. Both Renault and Volvo own 45 percent of the venture.
