21.05.2024 10:59:16 - dpa-AFX: CAC 40 Slides On Uncertainty Over Monetary Policy Path

BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - French stocks declined on Tuesday due
to uncertainty over the European Central Bank extending rate cuts beyond June.

Eurozone sovereign bond yields climbed for the second day as investors looked
ahead to the release of business activity data later this week for fresh clues
on the European Central Bank's monetary path.

The benchmark CAC 40 was down 66 points, or 0.8 percent, at 8,130 after closing
up 0.4 percent on Monday.

Sanofi was marginally lower. The drug major has announced a collaboration with
Formation Bio and AI research and deployment company OpenAI to build AI-powered
software to accelerate drug development and bring new medicines to patients more
efficiently.

Aerospace company Airbus shed 0.6 percent despite Saudi Arabia's national
airline ordering more than 100 new Airbus jets.



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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
CAC 40 969400 Paris 7.570,73 14.06.24 11:29:00 -137,29 -1,78% - - 7.685,50 7.708,02
FTSE 100 969378 Financial Times SE 8.151,15 14.06.24 11:29:06 -12,52 -0,15% - - 8.163,67 -
DAX ® 846900 Xetra 18.135,64 14.06.24 11:29:06 -130,04 -0,71% - - 18.267,68 18.265,68
E-STOXX 50 ® 965814 STOXX Ltd. 4.881,62 14.06.24 11:29:00 -53,88 -1,09% 0,000 - 4.942,82 4.935,50

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