CAC 40 Slides On Growth Jitters
(RTTNews) - French stocks were moving lower on Wednesday after data showed activity in China's services sector grew at the slowest pace in five months in June in a new sign of a weakening economy.
Closer home, a survey revealed that activity in France's dominant services sector fell in June for the first time since January.
The benchmark CAC 40 was down 34 points, or half a percent, at 7,336 after closing 0.2 percent lower the previous day.
China-exposed luxury firm LVMH fell about 1 percent, Hermes International dropped half a percent and Kering tumbled more than 2 percent on China growth jitters. Engineering & Technology company Technip Energies NV rose 0.6 percent on news that it has received a project management consultancy contract from Saudi Aramco to develop the master plan for Ras Al Khair, a new industrial city in the Eastern Province of Saudi Arabia.
China Stock Market May Hand Back Wednesday's Gains
Japan Manufacturing PMI Improves Top 49.9 - Jibun
Soft Start Predicted For Taiwan Stock Market
Win Streak May End For Singapore Stock Market
Malaysia Bourse May Extend Wednesday's Losses
Continued Consolidation Called For Nikkei
New Zealand Has NZ$578 Million Trade Deficit
