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%.
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