CAC 40 Edges Lower In Lackluster Trade

2024-09-24 4675
(fxcue news) - French stocks were slightly lower on Tuesday, with fears about the sustainability of the country's finances back in the spotlight. Media reports suggest that the executive is mulling a range of plans to reduce the public deficit, including a temporary tax on companies making more than €1 billion per year. Earlier today, France's manufacturing PMI posted a slight rise in September but still pointed to a downturn in the industrial sector at the end of Q3. The benchmark CAC 40 was down 0.1 percent at 7,627 after losing 2 percent the previous day. Eurozone inflation figures along with the U.S. ISM manufacturing PMI and JOLTS job openings data may garner investor attention as the day progresses.
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