FX.co ★ Paris Stocks Steady Near Two-Week Low

The CAC 40 index remained largely unchanged at 8,120 points during the first trading session in November, staying close to its lowest level since mid-October. This stability comes as investors seem to be taking a breather following a busy week that included significant corporate announcements, critical central bank decisions, and a trade truce between the US and China. The European Central Bank (ECB) maintained its interest rates and steady inflation outlook, while the Federal Reserve took on a more cautious stance, lowering expectations for a December rate cut. Market observers are now looking forward to the upcoming ADP employment report for additional insights into the condition of the US labor market. In terms of individual stocks, Renault saw a 1.9% increase after finalizing agreements with Geely to broaden their strategic collaboration in Brazil. Orange's stock rose by 1.4% following the announcement of a non-binding agreement with Lorca to purchase the remaining 50% stake in their Spanish joint venture, MasOrange, for €4.25 billion in cash.