CAC 40 Declines As Growth Worries Deepen
(RTTNews) - French stocks were moving lower on Thursday after data showed U.S. retail sales fell by the most in a year in December, raising concerns about consume spending and the health of the economy.
Weak readings on producer prices and industrial production for the month also stoked concerns over the outlook for economic growth and corporate earnings.
The benchmark CAC 40 dropped 34 points, or half a percent, to 7,048 after ending flat with a positive bias on Wednesday.
Oil & gas stocks fell, with TotalEnergies declining more than 1 percent as crude prices fell nearly $1 a barrel on concerns about the outlook for fuel demand.
Banks BNP Paribas, Credit Agricole and Societe Generale all fell around 1 percent.
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U.S. Dollar Jumps After Jobs Data
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European Stocks Close Lower After Cautious Session
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Canadian Market Modestly Lower After Jobs Data
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8h 11min ago
U.S. Wholesale Inventories Decrease In Line With Estimates In December
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9h 31min ago
U.S. Consumer Sentiment Unexpectedly Slumps In February As Inflation Expectations Surge
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10h 0min ago
U.S. Employment Climbs Less Than Expected In January
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11h 53min ago
Bay Street Looks Headed For Positive Start; Jobs Data In Focus
Higher crude oil and bullion prices point to a positive start on Bay Street Friday morning, but Canadian and U.S. jobs data, due before the opening bell, may well set the trend for stocks.
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