24.05.2024 10:54:40 - dpa-AFX: CAC 40 Slides As Business Confidence Worsens

BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - French stocks declined on Friday as
robust U.S. economic data along with hawkish comments from another Fed official
stoked concerns about sticky inflation and the Federal Reserve's rate path.

Meanwhile, the confidence among French manufacturers worsened unexpectedly in
May and returned to below its long-term average, monthly data from the
statistical office INSEE revealed earlier today.

The manufacturing sentiment index dropped to 99.0 in May from 100.0 in the
previous month. Economists had expected confidence to remain stable at 100.0.

In addition, the index has gone back to its long-term average of 100.0. The
latest score was the weakest in four months.

The benchmark CAC 40 was down 13 points, or 0.2 percent, at 8,089 after inching
up by 0.1 percent on Thursday.



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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 7.546,66 17.06.24 15:18:30 +43,39 +0,58% - - 7.539,03 7.503,27
FTSE 100 969378 Financial Times SE 8.144,85 17.06.24 15:18:30 -2,01 -0,02% - - 8.146,86 -
DAX ® 846900 Xetra 18.053,40 17.06.24 15:18:30 +51,38 +0,29% - - 18.008,23 18.002,02
E-STOXX 50 ® 965814 STOXX Ltd. 4.871,01 17.06.24 15:18:30 +31,87 +0,66% 0,000 - 4.858,68 4.839,14

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