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France stocks lower at close of trade; CAC 40 down 3.57%

Published 08/02/2019, 01:00 PM
Updated 08/02/2019, 01:00 PM
© Reuters.  France stocks lower at close of trade; CAC 40 down 3.57%

Investing.com – France stocks were lower after the close on Friday, as losses in the Foods & Drugs, Gas & Water and General Financial sectors led shares lower.

At the close in Paris, the CAC 40 fell 3.57% to hit a new 1-month low, while the SBF 120 index declined 3.38%.

The best performers of the session on the CAC 40 were WFD Unibail Rodamco NV (AS:URW), which rose 0.65% or 0.80 points to trade at 123.30 at the close. Meanwhile, Veolia Environnement VE SA (PA:VIE) fell 0.27% or 0.060 points to end at 22.210 and Orange SA (PA:ORAN) was down 0.89% or 0.12 points to 13.40 in late trade.

The worst performers of the session were ArcelorMittal SA (AS:MT), which fell 6.64% or 0.950 points to trade at 13.352 at the close. STMicroelectronics NV (PA:STM) declined 6.56% or 1.110 points to end at 15.810 and TechnipFMC PLC (PA:FTI) was down 5.51% or 1.35 points to 23.14.

The top performers on the SBF 120 were Mercialys SA (PA:MERY) which rose 1.16% to 10.46, Casino Guichard Perrachon SA (PA:CASP) which was up 0.99% to settle at 33.60 and WFD Unibail Rodamco NV (AS:URW) which gained 0.65% to close at 123.30.

The worst performers were Valeo SA (PA:VLOF) which was down 6.79% to 26.20 in late trade, Arkema SA (PA:AKE) which lost 6.73% to settle at 80.14 and ArcelorMittal SA (AS:MT) which was down 6.64% to 13.352 at the close.

Falling stocks outnumbered advancing ones on the Paris Stock Exchange by 450 to 113 and 95 ended unchanged.

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The CAC 40 VIX, which measures the implied volatility of CAC 40 options, was up 30.49% to 17.50 a new 1-month high.

Gold Futures for December delivery was up 1.88% or 26.95 to $1459.35 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September rose 3.37% or 1.82 to hit $55.77 a barrel, while the October Brent oil contract rose 2.74% or 1.66 to trade at $62.16 a barrel.

EUR/USD was up 0.29% to 1.1115, while EUR/GBP rose 0.20% to 0.9151.

The US Dollar Index Futures was down 0.32% at 97.833.

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