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.
Dollar Rises Amidst Mixed Jobs Data, Soft Inflation
Bay Street Likely To Extend Gains On Commodities Strength
Major European Markets Largely Subdued In Thin Trading
FTSE 100 Slips Nearly 0.5%; Mining Stocks Move Up
CAC 40 Down Nearly 0.5% In Cautious Trade
Asian Stocks Track Wall Street Higher
DAX Down Marginally Amid Lackluster Trade
