CAC 40 Rises On Improved Risk Sentiment

By RTTNews Staff Writer4 days ago

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French stocks advanced on Thursday after the Federal Reserve reiterated commitment to maintain its ultra-loose monetary policy until there was substantial progress in attaining its employment and inflation goals.

Fed officials acknowledged the improvement in the medium-term outlook for real GDP growth and employment but expressed caution about ongoing risks of the pandemic to the economic outlook.

Traders now await a speech from the Fed Chair Jerome Powell at a virtual IMF seminar, where he outlines his views on global recovery and the monetary policy outlook.

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