French inflation quickened less than expected as confidence wanes, remaining well below the European Central Bank’s 2% target and supporting the case for interest rates to be lowered further. Consumer prices in the euro zone’s second-largest economy rose 1.7% from a year ago in November, statistics agency Insee said Friday.
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Markets widely expect the Federal Reserve to cut interest rates for the fourth time this year at its December meeting. The question is what the central bank will do next year. Recent sticky inflation prints and evidence the US economy is growing at a solid pace have raised doubts that the Fed will bring down rates as quickly as it previously indicated.
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Futures tied to Canada's main stock index edged higher on Friday in thin trading volumes, while investors looked forward to the day's key economic data to gauge the pace of the Bank of Canada's interest-rate cuts. December futures on the S&P/TSX index were up 0.1% at 6:06 a.m. ET (11:06 GMT). The U.S. equity market reopened for half a day following the Thanksgiving holiday on Thursday.
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