French stocks edged lower in cautious trade Tuesday as investors assessed the global outlook against the backdrop of rising Delta coronavirus cases and signs of a slowdown in the economic recovery.
Market participants also looked ahead to Thursday’s meeting of the European Central Bank, which may act to slow down its massive bond-buying program in light of recent stronger-than-expected inflation data.
Earlier today, the Reserve Bank of Australia pressed ahead with its decision to reduce bond purchases by A$1 billion a week this month but postponed its next review of the weekly pace from November to mid-February.
The benchmark CAC 40 index slipped 0.2 percent to 7,733 after rising 0.8 percent in the previous session.
Luxury stocks such as LVMH and Kering rose about 1 percent on hopes for more economic stimulus from China and Japan, as well as growing views the U.S. Federal Reserve will delay beginning asset tapering.
CAC 40 Edges Lower In Lackluster Trade
2021-09-07 09:39:00
