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CAC 40 Retreats Amid Energy Woes
(RTTNews) - French stocks declined on Thursday as investors fretted about a worsening energy crisis in Europe.
The U.K. is already in the throes of a full-year recession, while Europe is facing a tough winter and rising credit risk, according to S&P Global Ratings.
Sweden's coast guard has discovered a fourth gas leak on the damaged Nord Stream pipelines, heightening energy security concerns.
In economic releases, a measure of economic sentiment in the euro area deteriorated again in September, the European Commission said.
The corresponding index - an aggregate measure of business and consumer confidence—dropped to 93.7 from 97.3 in August, the lowest reading since November 2020, weighed by high inflation and a darkening economic outlook.
The benchmark CAC 40 was down 88 points, or 1.5 percent, at 5,676 after closing 0.2 percent higher the previous day.
Canadian Dollar Eases Against Most Majors
Swiss Market Ends Sharply Lower
European Stocks Close Weak As Trade War Fears Hurt Sentiment
Canadian Market Remains Weak On Tariff Concerns
Bay Street Likely To Open Lower
Pound Falls As U.K. Economy Contracts For Second Straight Month
Wall Street Likely To Open On Weak Note
