CAC 40 Moderately Lower In Cautious Trade

RTTNews | hace 1
CAC 40 Moderately Lower In Cautious Trade

(RTTNews) - French stocks are under a bit of pressure on Wednesday amid uncertainty about Ukraine-Russia peace talks, and a lack of positive progress on the trade front. The recent downgrade of U.S. sovereign credit rating by Moody's weigh as well on investor sentiment.

Investors are also closely monitoring discussions on the U.S. budget bill and federal deficit.

The benchmark CAC was down 58.88 points or 0.74% at 40 7,883.54 a little while ago.

Kering and LVMH, both are down nearly 2%. Hermes International, Saint Gobain and Stellantis are down 1.7%, 1.6% and 1.5%, respectively.

Teleperformance, Schneider Electric, STMicroElectronics, Michelin, Legrand, Pernod Ricard, Essilor, Air Liquide, Publicis Groupe and Safran are lower by 0.5 to 1.3%.

Edenred, Carrefour, BNP Paribas, Thales, Veolia Environment and Capgemini are up with modest gains.

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Australian Market Extends Early Gains In Mid-market

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Asian Markets Trade Mixed

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Indonesia Stock Market May Spin Its Wheels On Friday

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Australian Market Modestly Higher

Australian Market Modestly Higher

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Hong Kong Shares Expected To Open To The Downside

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The Hong Kong stock market on Thursday ended the two-day winning streak in which it had rallied almost 500 points or 2.2 percent. The Hang Seng Index now sits just beneath the 23,550-point plateau and it's tipped to open in the red again on Friday.
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