CAC 40 Struggles For Direction

CAC

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 Reserves 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 weeks 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 companys strategy.