CAC 40 Slides Ahead Of Powell's Speech
(RTTNews) - French stocks fell notably on Wednesday, as renewed fears over a possible recession overshadowed recent optimism about China reopening.
Investors await the release of Eurozone's consumer confidence data for June and a preliminary reading on German inflation for further direction.
Traders also seemed reluctant ahead of a speech by European Central Bank President Christine Lagarde at the Sintra forum, alongside Federal Reserve Chairman Jerome Powell and Bank of England Governor Andrew Baile.
The benchmark CAC 40 was down 37 points, or 0.6 percent, at 6,049 after rising 0.6 percent in the previous session.
EssilorLuxottica shares declined 2.5 percent. Leonardo Del Vecchio, the chairman of the eyeglass retailer and one of Italy's wealthiest business figures, passed away at the age of 87.
TSX Ends Lower Again, Sheds About 1.7% In Week
Dollar Rises To Near 7-year High
Canadian Market Remains Weak Despite Paring Some Early Losses
Swiss Market Ends Weak For 2nd Straight Day
European Stocks Close Weak As Political Tensions, Rate Uncertainty Continue To Weigh
Pound Falls Amid Risk Aversion
U.S. Consumer Sentiment Unexpectedly Drops To Seven-Month Low In June
