France's CAC 40 Edges Lower Ahead Of Fed Speech, Nvidia Earnings
(RTTNews) - After a weak start and a subsequent recovery that briefly lifted it above the flat line around late morning on Monday, France's equity benchmark CAC 40 edged lower as investors looked ahead to fresh economic data and Fed Chair Kevin Warsh's Jackson Hole speech for directional clues.
Investors also looked ahead chip giant Nvidia's earnings update and the Trump administration's announcement of new sanctions against Iran and its trading partners.
The CAC 40 was down 1.52 points at 8,482.91 about a quarter past noon. The index, which dropped to 8,458.31 in early trades, recovered to 8,488.41 subsequently.
Stellantis eased by about 3%. Renault shed 1.7%, while TotalEnergies and Sanofi lost 1% and 0.9%, respectively.
BNP Paribas slipped 0.5% after announcing it would push ahead with an appeal in the Sudan litigation.
Capgemini, Schneider Electric, Engie, EssilorLuxottica, Safran, Pernod Ricard and Danone also drifted lower.
L'Oreal, ArcelorMittal, Hermes International, Michelin, AXA, Bouygues, Publicis Groupe, Euronext, Air Liquide, LVMH and Thales gained 0.5%-1%.
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