CAC 40 Struggles For Direction
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(RTTNews) - French stocks struggled for direction on Monday as investors refrained from making big bets ahead of the highly anticipated U.S. presidential election on Tuesday and the Federal Reserve's interest-rate decision on Thursday.
A flurry of new polls show that Vice President Kamala Harris and former president Donald Trump remain poised for a photo finish in this week's presidential election.
Markets expect the U.S. Federal Reserve to cut interest rates by 25 bps amid economic contradictions, following a supersize 50 basis point move in September.
The benchmark CAC 40 was marginally higher at 7,413 after rising 0.8 percent on Friday.
Schneider Electric fell about 1 percent after the industrials giant ousted CEO Peter Herweck with immediate effect, citing issues with his execution of the company's strategy.
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