CAC 40 Dips On Growth Concerns
(RTTNews) - French stocks were moving lower on Thursday, with a lack of information on China's COVID outbreak and fears of a global recession weighing on sentiment.
Experts have expressed deep concerns that China may not be sharing data on any signs of evolving strains that could spark fresh outbreaks in countries around the world.
After Beijing announced plans to reopen its borders, Italy, Japan, Taiwan, India and the United States have announced mandatory tests on visitors from China.
Investors also fretted about the impact of the Fed's monetary tightening on global growth heading into 2023.
The benchmark CAC 40 was down 15 points, or 0.2 percent, at 6,492 after losing 0.6 percent the previous day.
China-exposed luxury firms such as LVMH and Kering were moving lower as uncertainties mount over China.
Bay Street Likely To Open On Mixed Note
Bank Indonesia Unexpectedly Holds Rate Steady At 4.75%
FTSE 100 Rises Nearly 1% On Soft Inflation Data
CAC 40 Pares Some Early Losses; L'Oreal Down Sharply As Sales Miss Expectations
UK Consumer Prices Rise Less Than Forecast
DAX Advances In Cautious Trade
European Shares Mostly Lower; FTSE 100 Bucks Trend On Soft Inflation Data
