French equity markets saw a modest increase on Wednesday, bolstered by market participants' expectations of a minimum 25-basis point interest rate reduction by the Federal Reserve come June.
Following an unexpected acceleration of U.S. core CPI inflation in February, traders have turned their attention to the upcoming U.S. producer price inflation and retail sales data to better understand the Federal Reserve's future course on interest rate adjustments.
The Federal Open Market Committee (FOMC) is scheduled to meet on the 19th and 20th of March, with all eyes on any new indicators that might hint at an upcoming interest rate cut.
France's leading index, the CAC 40, rose by 14 points or 0.2%, landing at 8,101 following a gain of 0.8% the previous day, Tuesday.
Meanwhile, the dollar index saw a small rise during European trading hours, and the S&P 500 is on track to hit its 18th record high for the year 2024.
