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FX.co ★ CAC 40 Edges Higher On Rate Cut Expectations

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typeContent_19130:::2024-03-14T10:10:00

CAC 40 Edges Higher On Rate Cut Expectations

Shares in France saw an increase on Thursday, driven by predictions that the European Central Bank is likely to initiate interest rate cuts in the coming spring season.

Meanwhile, the United States Federal Reserve is expected to maintain its interest rates as is in the upcoming policy meeting next week. However, future interest rate adjustments may be indicated by the 'dot plot' projections.

Detailed insights on future interest rate trends could also be provided by several reports to be published later in the day. These documents cover the United States producer price inflation data for last month, weekly claims for unemployment benefits, and retail sales data.

The prominent French index, CAC 40, demonstrated a gain of 55 points or a 0.7 percent increase, reaching 8,193, following a 0.6 percent rise from the previous trading session.

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