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FX.co ★ CAC 40 Subdued Ahead Of US Data

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typeContent_19130:::2024-08-13T10:06:00

CAC 40 Subdued Ahead Of US Data

French stocks remained muted on Tuesday as investors looked forward to a series of crucial U.S. economic data releases this week, seeking further indications on the Federal Reserve's rate path.

The benchmark CAC 40 inched lower to 7,244, following a 0.3 percent decline in the previous session.

The dollar strengthened after Ukraine announced it had taken control of 1,000 square kilometers (386 square miles) in Russia's bordering Kursk region. In response, Russian President Vladimir Putin vowed a "worthy response" to the incident.

In corporate developments, shares of Valneva surged by 4 percent. The biotechnology firm has reaffirmed its annual revenue forecast after reporting a return to net profit for the first half of the year.

Airbus saw a 0.5 percent rise in its stock following airBaltic’s confirmation of an incremental order for an additional 10 A220-300 aircraft. This fourth reorder will bring the airline's total firm order to 90 A220 planes.

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