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FX.co ★ CAC 40 Extends Slide As Growth Worries Weigh

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typeContent_19130:::2024-09-04T10:18:00

CAC 40 Extends Slide As Growth Worries Weigh

French stocks saw a decline on Wednesday, continuing the downward trend from the previous session, as weak U.S. manufacturing data sparked renewed fears of a recession.

Additionally, lackluster services sector activity data from China and disagreements among European Central Bank policymakers regarding the regional growth outlook further dampened investor enthusiasm for riskier assets.

The primary stock index, the CAC 40, decreased by 64 points, or 0.8 percent, settling at 7,511. This follows a 0.9 percent decline in the prior session.

Meanwhile, the dollar index showed limited movement and Treasury yields remained below 3.85 percent. Market attention is now turning to upcoming U.S. economic data, especially Friday's payroll report, which could provide further insights into the economic and interest rate outlook.

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