12.07.2024 11:13:44 - dpa-AFX: CAC 40 Climbs On Rate Cut Expectations

BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - French stocks climbed on Friday amid
expectations that the U.S. Federal Reserve and European Central Bank could move
to cut rates in September.

Investors also watched the latest political developments after the parliamentary
elections on 7 July came as a general surprise.

French Prime Minister Gabriel Attal today said he hoped to prevent a government
with far right or far left members being formed after an inconclusive snap
election.

The benchmark CAC 40 was up 62 points, or 0.8 percent, at 7,689 after rising 0.7
percent the previous day.

Thales was marginally higher after receiving a contract from the French defense
procurement agency to provide thirty dual-band X/Ka satellite communication
stations for the French Army.



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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
CAC 40 969400 Paris 7.251,80 02.08.24 18:05:02 -118,65 -1,61% - - 7.330,60 7.251,80
FTSE 100 969378 Financial Times SE 8.174,71 02.08.24 17:35:30 -108,65 -1,31% - - 8.283,36 -
DAX ® 846900 Xetra 17.661,22 02.08.24 17:50:00 -421,83 -2,33% - - 17.884,86 17.661,22
E-STOXX 50 ® 965814 STOXX Ltd. 4.638,70 02.08.24 17:50:00 -127,02 -2,67% 0,000 - 4.752,10 4.638,70

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