CAC 40 Drifts Lower In Cautious Trade
(RTTNews) - The French market is down in negative territory Wednesday afternoon, with stocks moving in a narrow range as investors await further details on U.S.-China trade talks, and the crucial inflation data from the U.S. later in the day.
After two days of discussions in London to arrive at a mutually agreeable framework that will help ease trade tensions, top U.S. and Chinese officials reached a framework to implement the Geneva consensus.
If approved, the Sino-U.S. deal will remove some restrictions on China's rare earth exports and unwind a few recent U.S. export bans.
The benchmark CAC 40 was dpwn 19.08 points or 0.25% at 7,785.25 7,785.20 a little while ago. The index had advanced to 7,840.02 earlier in the session.
ArcelorMittal is up nearly 2.5%. Publicis Groupe is gaining 1.7% and Societe Generale is advancing 1.3%, while STMicroElectronics is up 1%.
Hermes International, Eurofins Scientific, Air Liquide and LVMH are up 0.5 to 0.7%.
Capgemini, Dassault Systemes and Bureau Veritas are down 1.2 to 1.3%. Carrefour is declining by about 1%.
Edenred, Stellantis, Sanofi, Legrand, Accor and Essilor are down 0.5 to 0.8%.
Australia Construction Work Data Due On Wednesday
U.S. Dollar Falls Against Majors
TSX Modestly Higher As Financials, Mining Stocks Move Up
Swiss Market Settles Weak
European Stocks Close Lower On Political Concerns, Tariff Worries
U.S. Consumer Confidence Index Edges Lower In August
U.S. Durable Goods Orders Slump 2.8% In July, Much Less Than Expected
