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    CAC 40 slides on growth concerns

    French stocks fell on Wednesday as weak industrial production and retail sales data from China heightened investor concerns about slowing global growth.

    China’s retail sales grew only 2.5% on an annual basis in August. This is much weaker than the expected 7% growth, as July’s 8.5% growth and the outbreak of delta variants weighed on consumption.

    Industrial production increased moderately in August to 5.3% year-on-year, but slower than economists’ forecast of 5.8% due to the 6.4% increase seen in July and rising supply chain bottlenecks and raw material costs. ..

    The benchmark CAC 40 index fell 11 points (0.2%) to 6,642 after dropping 0.4% in the previous session.

    Travel and leisure inventories fell, with Franco Dutch Airlines holding company Air France-KLM down 1.3%.

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    CAC 40 slides on growth concerns

    Source link CAC 40 slides on growth concerns

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