CAC 40 Dips After Tuesday's Strong Rally
(RTTNews) - French stocks were moving lower on Wednesday after a survey showed activity in the country's services sector expanded a bit less than initial forecast in September.
Euro zone bond yields rose, and the dollar rebounded as hawkish commentary from the Reserve Bank of New Zealand suggested that fighting inflation is still a priority for many central banks.
The benchmark CAC 40 was down 44 points, or 0.7 percent, at 5,995 after climbing 4.2 percent the previous day.
STMicroelectronics NV shares climbed 1.1 percent. The European Commission has approved, under EU State aid rules, a 292.5 million euros Italian measure to support the semiconductor manufacturer in the construction of a plant in the semiconductor value chain in Catania, Sicily.
U.S. Housing Starts Spike Much More Than Expected In December
UK Retail Sales Drop Unexpectedly On Weak Food Store Sales
Swiss Franc Rises Against Majors
Sensex, Nifty Snap Three-day Winning Streak
Malaysia Economy Logs Slower Growth
European Shares Extend Gains On Rate Cut Bets
FTSE 100 Rallies On BoE Rate-cut Bets
