On Thursday, French stocks experienced a modest increase as investors awaited key interest-rate decisions from both the Bank of England and the U.S. Federal Reserve. Both central banks were anticipated to reduce rates by 25 basis points. Market participants were particularly keen to hear from Fed Chair Jerome Powell regarding monetary policy directions following the electoral win of Trump.
The CAC 40, recognized as France's benchmark index, rose by 0.2 percent to reach 7,383, recovering from a 0.5 percent dip observed the previous day.
In the corporate sector, Air France-KLM saw its shares nosedive by over 10 percent. This sharp decline came after the airline disclosed a more substantial drop in its quarterly operating results than had been anticipated, along with a forecast of increased annual expenses.
Meanwhile, utility company ENGIE's shares remained relatively stable despite an 11 percent reduction in its earnings over the first nine months.
