FX.co ★ CAC 40 Edges Lower Amid Fed Meeting Watch

On Tuesday, the CAC 40 in Paris dipped slightly by 0.2%, settling at 7,880. This minor decline came after a six-day upward trend that had lifted the index to its highest point since August 22. Investors have now turned their attention to the US Federal Reserve's two-day policy meeting commencing today. The consensus expectation is for a 25-basis-point rate cut, marking the first such reduction in nine months. Among specific stocks, BNP Paribas experienced a minor drop of 0.2%, despite maintaining an optimistic outlook with predictions of net income surpassing €12.2 billion by 2025 and aiming for a 12% return on tangible equity (ROTE) by 2026, buoyed by strong momentum and robust second-quarter results. Kering saw an increase of 1.7%, Capgemini climbed 0.8%, and Thales went up by 0.7%. Conversely, L’Oréal decreased by 2.3% following a downgrade by Jefferies, who lowered the French cosmetics giant's rating from "Hold" to "Underperform." Bureau Veritas fell by 1.9%, and Teleperformance edged down 0.3%.