CAC 40 Declines On Growth Concerns

RTTNews | 943 days ago
Stocktwits
CAC 40 Declines On Growth Concerns

(RTTNews) - French stocks fell sharply on Wednesday, with concerns about energy shortages and spiraling inflation keeping investors nervous.

French consumer confidence weakened more-than-expected in September and fell back to July's 9-year low after rebounding slightly in August, monthly survey results from the statistical office Insee showed earlier today.

The consumer confidence index fell to 79.0 in September from 82.0 in August. Economists had forecast the index to fall to 80.0.

The latest reading was the weakest since June 2013, when it was also 79.0.

The benchmark CAC 40 was down 76 points, or 1.3 percent, at 5,678 after closing 0.3 percent lower the previous day.

The dollar marched to a new 20-year high and government bond yields surged after several Fed officials reiterated their hawkish stance toward interest-rate hikes.

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European Shares Seen Opening Up In Cautious Trade

European Shares Seen Opening Up In Cautious Trade

European stocks are likely to open on a steady note Monday after U.S. stocks posted their longest advance in three months on Friday amid signs of easing trade tensions and bets the Federal Reserve will cut interest rates as early as June, as the American economy softens.
RTTNews | 1h 9min ago
Sensex, Nifty Follow Global Peers Higher

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RTTNews | 2h 25min ago
Australian Market Trims Early Gains In Mid-market

Australian Market Trims Early Gains In Mid-market

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RTTNews | 3h 23min ago
Asian Markets Track Wall Street Higher

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Thai Stock Market May See Additional Support On Monday

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RTTNews | 4h 45min ago
Japanese Market Significantly Higher

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RTTNews | 5h 7min ago
Indonesia Bourse Tipped To Open In The Green

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RTTNews | 5h 15min ago
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