After the Paris CAC 40 reached a fresh record-high at 7,552 points, profit-taking set in and the French index was flat in early afternoon deals.While cooler inflation is said to have eased the pressure on the European Central Bank and peers such as the Federal Reserve and Bank of England to keep raising borrowing costs, consumer prices remain elevated.
"I don't think we're completely out of the woods yet," Stacy added following data Friday showing a sizeable drop in US retail sales. "We remain cautious on global equities and anticipate increasing volatility as top line pressures worsen in the coming months as labour and financing costs rise and other cyclical indicators become weaker."
Of course interest rates are going up again!!!!
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