BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - French stocks were subdued on Monday
after more Federal Reserve officials said on Friday that U.S. interest rates are
likely to remain at elevated levels until there is clear sign that the rate of
inflation is slowing.

Investors looked ahead to the release of key U.S. inflation data and Fed Chair
Jerome Powell's speech due this week for additional clarity on the Fed's rate
trajectory.

U.S. producer price inflation data for April is due on Tuesday, while the more
closely watched consumer price inflation figures will be published on Wednesday.
Fed Chair Jerome Powell is scheduled to speak on Monday and Wednesday.

The benchmark CAC 40 was marginally lower at 8,212 after gaining 0.4 percent on
Friday.

Sanofi added 1.3 percent. The drug major announced an investment of more than 1
billion euros to create new bioproduction capacity at its various sites in
France.

Valneva rose about 1 percent after announcing positive data from the phase 3
study of its chikungunya vaccine VLA1553-321 in adolescents at day 180.



Copyright(c) 2024 RTTNews.com. All Rights Reserved

Copyright RTT News/dpa-AFX