French stocks made modest gains on Wednesday when data revealed a greater than anticipated decline in French inflation in January, reaching its lowest point since before Russia's invasion of Ukraine.
The consumer price inflation in France increased by 3.1 percent from the same period last year, following a 3.7 percent rise in December. This information comes from provisional numbers provided by the national statistics agency, Insee, and falls below the economists' predicted increase of 3.4 percent.
The primary CAC 40 Index rose by 21 points or 0.3 percent, reaching 7,698, after Tuesday's half a percent increase.
Investors are anxiously awaiting the Federal Reserve's decision on interest rates, as well as a policy statement. Additionally, they look forward to a press conference by Chair Jerome Powell, hoping for clear indications on when U.S. interest rates will start to reduce.
