CA 40 Slips As Focus Turns To ECB
(RTTNews) - French stocks fell in cautious trade on Wednesday after official data showed Chinese exports growth slowed sharply in August amid softening global demand.
Overseas shipments rose an annual 7.1 percent, compared to 18 percent growth in July, China's General Administration of Customs said.
Imports growth slowed to 0.3 percent from 2.3 percent in July, adding to worries over a possible global recession.
All eyes now turn to the European Central Bank (ECB) meeting due Thursday given talk of a faster pace of tightening.
Euro zone bond yields rose today amid increased bets on a 75-basis point rate hike from the ECB to tame record-high inflation.
The benchmark CAC 40 was down 18 points, or 0.3 percent, at 6,086 after closing 0.2 percent higher the previous day.
Japan Data On Tap For Friday
Euro Climbs Against Majors
Swiss Market Ends Marginally Up
European Stocks Close Weak
Canadian Stocks Turning In Mixed Performance; TSX Down Marginally
U.S. Pending Home Sales Fall More Than Expected In July
Eurozone Economic Confidence Weakens In August
