16.07.2024 11:07:11 - dpa-AFX: CAC 40 Slides As Investors Weigh US Election Risks

BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - 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.



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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 7.577,04 23.08.24 18:05:02 +52,93 +0,70% - - 7.544,73 7.524,11
FTSE 100 969378 Financial Times SE 8.327,78 23.08.24 17:35:30 +39,78 +0,48% - - 8.288,00 -
DAX ® 846900 Xetra 18.633,10 23.08.24 17:50:00 +139,71 +0,76% - - 18.538,87 18.493,39
E-STOXX 50 ® 965814 STOXX Ltd. 4.909,20 23.08.24 17:50:00 +24,20 +0,50% 0,000 - 4.890,34 4.885,00

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