CAC 40 Declines On US Growth Worries

RTTNews | 861 dias atrás
CAC 40 Declines On US Growth Worries

(RTTNews) - French stocks opened lower on Wednesday after Wall Street's main indexes fell the most in a month overnight on the back of weak economic data and mixed earnings updates.

Encouraging earnings updates from both Microsoft and Alphabet helped limit overall losses to some extent.

The benchmark CAC 40 was down 48 points, or 0.6 percent, at 7,485 after losing 0.6 percent in the previous session.

Banks extended declines from the previous session, with BNP Paribas, Credit Agricole and Societe Generale falling between half a percent and 0.8 percent.

Aero engine maker Safran fell 2.2 percent after warning of supply chain risks.

Telecoms giant Orange rallied about 2 percent after reporting higher Q1 revenue and confirming its full-year outlook.

Food group Danone gained 1 percent after raising its 2023 sales outlook.

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Australian Market Extends Early Losses In Mid-market

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Asian Markets Trade Mixed

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Win Streak May End For Thai Stock Market

Win Streak May End For Thai Stock Market

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Japanese Market Modestly Lower

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Australian Market Notably Lower

Australian Market Notably Lower

Australian shares are trading notably lower on Wednesday, adding to the losses in the previous three sessions, with the benchmark S&P/ASX 200 falling well below the 8,900 level, following the broadly negative cues from Wall Street overnight, with weakness in financial and technology stocks partially offset by gains in mining stocks.
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