CAC 40 Drifts Lower On China Concerns

RTTNews | hace 665
Stocktwits
CAC 40 Drifts Lower On China Concerns

(RTTNews) - French stocks were moving lower on Thursday, Eurozone bond yields rose and the dollar extended gains amid mounting China worries and the release of hawkish Fed minutes.

The minutes of the Fed's July meeting showed on Wednesday that a number of officials still saw the need for more interest rates to curb stubborn inflation.

Concerns mounted about the state of China's financial services industry after wealth manager Zhongzhi Enterprise Group said it was facing a liquidity crisis and would have to restructure its debt.

In another development, Fitch Ratings said it may consider rethinking China's A+ sovereign credit rating amid growing economic headwinds to the Asian giant.

The benchmark CAC 40 was down 13 points, or 0.2 percent, at 7,247 after closing 0.1 percent lower in the previous session.

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ADVERTENCIA DE ALTO RIESGO: El comercio de divisas implica un alto nivel de riesgo que puede no ser adecuado para todos los inversores. El efecto de apalancamiento crea un riesgo adicional y una exposición a las pérdidas. Antes de decidirse a operar con divisas, considere cuidadosamente sus objetivos de inversión, su nivel de experiencia y su tolerancia al riesgo. Podría perder una parte o la totalidad de su inversión inicial. No invierta dinero que no puede permitirse perder. Infórmese sobre los riesgos asociados al trading de divisas y pida consejo a un asesor financiero o fiscal independiente si tiene alguna duda. Todos los datos y la información se proporcionan "tal cual" con fines informativos únicamente y no están destinados a fines comerciales o de recomendación. Los resultados pasados no son indicativos de los resultados futuros.