The Paris Stock Exchange in the Green, Supported by the Fall in Oil Prices
- European shares staged a recovery on Wednesday after two sessions of declines, with the benchmark European STOXX 600 rising 0.4% as risk appetite improved ahead of the Federal Reserve's monetary policy decision.
- Rising inflation stemming from the Iran conflict prompted markets to reassess rate expectations, while these stocks had dragged the benchmark STOXX 600 to a three-month low on Tuesday before oil prices took a breather on Wednesday, down 0.6%.
- Markets are pricing in a 93% chance of a 25-basis-point interest rate hike according to the CME FedWatch tool, with Germany's DAX rising 0.4% as most major bourses increased ahead of the Federal Reserve's decision later in the day.
- Stocks hit by rising crude rebounded, with banks among the biggest gainers; Barclays and Standard Chartered were up 1.4% and 1.7%, respectively, leading the sector recovery.
- Babcock International retained its annual forecast, signaling stability amid volatility, while Barratt Redrow shares rose despite the company trimming its home completions target for fiscal 2027 citing planning delays.
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46 Articles
European equities rose today, led by the technology sector, and low oil prices contributed to the session.
The decline in oil and the decline in bond yields have supported the markets. ...
The Paris Stock Exchange is growing slightly this Thursday, September 17, in a market reassured by the decline in oil prices and the lull in sovereign rates. The CAC 40 also benefits from investors' reaction after the Fed's decision.
The Paris Stock Exchange's flagship index took 0.39% to 8.171.98 points at around 0950 Paris time. The previous day, the CAC 40 gained 0.62% to 8.140.59 points. European squares benefit from the small drop in oil prices, after the sharp drop of the previous day, the economies of the Old Continent remaining major oil importers. "Saudi Arabia has eased the supply concerns by offering additional crude oil to Asian refiners through ship-to-ship tran…
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