CAC 40 slips as services PMI signals ongoing business contraction
French stocks were weaker Wednesday, with the CAC 40 down on losses in luxury and data showing continued contraction in business activity. Geopolitical worries weighed, while lower bond yields supported sentiment.
BRUSSELS (dpa-AFX) - French stocks showed weakness on Wednesday, driven largely by losses in the luxury sector and data showing continued contraction in business activity.
Worries about geopolitical tensions hurt as well, while lower bond yields supported sentiment.The benchmark CAC 40 was down 26…