CAC 40 Slides As Investors Weigh US Election Risks
(RTTNews) - French stocks declined on Tuesday as investors fretted about the political landscape in France and the likely impact on Eurozone growth, if Donald Trump were to win the presidential election.
The euro zone's gross domestic product could take a hit, while inflation could increase if Trump were to become president again, according to Goldman Sachs.
Trade policy uncertainty, added defense and security pressures, and spillover effects from U.S. domestic policies could affect Europe, the economists said.
The benchmark CAC 40 was down 47 points, or 0.6 percent, at 7,585 after losing 1.2 percent the previous day.
SCOR plummeted 28 percent. The reinsurer issued a profit warning, saying it currently expects L&H insurance service result for the second quarter to be a loss of 0.4 billion euros, primarily driven by updates on reserves, and continued negative experience variance.
U.S. Private Sector Employment Surges By 233,000 Jobs In October, Much More Than Expected
U.S. Gross Domestic Product Jumps Less Than Expected In Q3
Bay Street Likely To Open On Mixed Note
German Economy Avoids Recession In Q3
U.S. Private Sector Employment Surges Much More Than Expected In October
Pound Falls Ahead Of U.K. Autumn Budget Statement
Pound Falls Against Majors
