CAC 40 Dips On Growth Concerns
(RTTNews) - French stocks were moving lower on Thursday, with a lack of information on China's COVID outbreak and fears of a global recession weighing on sentiment.
Experts have expressed deep concerns that China may not be sharing data on any signs of evolving strains that could spark fresh outbreaks in countries around the world.
After Beijing announced plans to reopen its borders, Italy, Japan, Taiwan, India and the United States have announced mandatory tests on visitors from China.
Investors also fretted about the impact of the Fed's monetary tightening on global growth heading into 2023.
The benchmark CAC 40 was down 15 points, or 0.2 percent, at 6,492 after losing 0.6 percent the previous day.
China-exposed luxury firms such as LVMH and Kering were moving lower as uncertainties mount over China.
Bay Street May Open On Positive Note
FTSE 100 Modestly Lower; Bank Stocks Among Notable Losers
CAC 40 Modestly Lower In Cautious Trade After Inflation Data
UK Nationwide House Price Growth Softens
DAX Drops To 2-month Low
Sensex, Nifty End Lower On Mixed Global Cues
European Shares Subdued Before Key Inflation Reading
