27.05.2024 11:05:00 - dpa-AFX: CAC 40 Gains Ahead Of Key Inflation Data

BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - French stocks traded slightly higher on
Monday ahead of key inflation data from the United States and Europe, due later
this week.

Euro zone May consumer prices data for May could provide additional clues on
whether the European Central Bank will cut interest rates next week.

The release of the Fed's preferred inflation gauge on Friday could help traders
access the timing and pace of Fed rate cuts this year.

The benchmark CAC 40 was up 14 points, or 0.2 percent, at 8,108 after ending
marginally lower on Friday.

In corporate news, Alstom shares soared 5.2 percent.

The multinational company specializing in the manufacture of rail transport
equipment and systems has launched a share capital increase with preferential
subscription rights for an amount of about 1 billion euros, thus executing the
final step of the announced 2 billion euros deleveraging plan.



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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 7.571,57 17.06.24 18:05:02 +68,30 +0,91% - - 7.539,03 7.503,27
FTSE 100 969378 Financial Times SE 8.142,15 17.06.24 17:35:29 -4,71 -0,06% - - 8.146,86 -
DAX ® 846900 Xetra 18.068,21 17.06.24 17:50:00 +66,19 +0,37% - - 18.008,23 18.002,02
E-STOXX 50 ® 965814 STOXX Ltd. 4.880,42 17.06.24 17:50:00 +41,28 +0,85% 0,000 - 4.858,68 4.839,14

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