14.05.2024 10:56:37 - dpa-AFX: CAC 40 Struggles For Direction Before US Inflation Test

BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - French stocks struggled for direction
on Tuesday as caution prevailed ahead of the release of U.S. inflation data that
might influence the outlook for rates.

The U.S. producer price inflation report is likely to be in the spotlight today
along with Fed Chair Jerome Powell's remarks during a moderate discussion with
De Nederlandsche Bank President Klaas Knot.

The consumer price inflation report is due on Wednesday and economists expect
prices to climb by 0.4 percent in April, matching the increase seen in March.

The benchmark CAC 40 was marginally lower at 8,208 after ending 0.1 percent
lower the previous day.

In corporate news, Veolia shares rallied 2.4 percent after the waste and water
management company met first-quarter core profit expectations and announced it
had bagged a $320 million water technology contract for a desalination plant in
the United Arab Emirates.



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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 7.964,79 30.05.24 16:33:45 +29,76 +0,37% - - 7.914,85 7.935,03
FTSE 100 969378 Financial Times SE 8.221,62 30.05.24 16:33:56 +38,55 +0,47% - - 8.183,07 -
DAX ® 846900 Xetra 18.482,40 30.05.24 16:33:57 +9,11 +0,05% - - 18.465,47 18.473,29
E-STOXX 50 ® 965814 STOXX Ltd. 4.975,58 30.05.24 16:33:45 +12,38 +0,25% 0,000 - 4.954,78 4.963,20

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