CAC 40 Little Changed Ahead Of Fed, BoE Meetings

(RTTNews) - French stocks held steady on Wednesday ahead of upcoming Federal Reserve and Bank of England meetings.

Markets have priced in 25-basis point rate cut from the Federal Reserve later in the day.

Investors will closely scrutinize the Fed's updated economic projections and dot plot for insights into the pace and extent of potential rate cuts throughout 2025.

The Bank of England is expected to leave interest rates unchanged at 4.75 percent on Thursday after data showed U.K. inflation accelerated to 2.6 percent in November, driven by an increase in fuel prices.

The benchmark CAC 40 was marginally higher at 7,371 after finishing 0.1 percent higher on Tuesday.

Credit Agricole rose about 1 percent after it appointed Olivier Gavalda as the bank's new CEO.

Renault, which owns around 23 percent of Japan's Nissan, surged nearly 6 percent after reports emerged that Honda and Nissan have initiated talks on a possible merger.