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Stocks in the CAC-40 index of Paris’s Euronext Exchange cracked under the pressure of deep negative sentiment following concerns over the China’s growth story as well as the domestic coronavirus<\/span> situation. Data releases on factory output and retail sales from China had fallen below market expectations and simultaneously urban unemployment increased to a three-month high. Correction in crude oil prices and political turmoil in Asia also aggravated the negative sentiment. <\/p>\n The benchmark CAC-40 is currently hovering near the 6832.35 level, down 0.92 percent from Friday’s close of 6896.04.<\/p>\n At current levels, the CAC-40 is 1.18 percent lower than the 52-week high of 6913.67.<\/p>\n Food major Danone gained 0.60 percent closely followed by microelectronics company STMicroelectronics which advanced by 0.15 percent.<\/p>\n Luxury group Kering is down 3.31 percent whereas cosmetics company L’Oreal and car-maker Renault are down more than 2 percent.<\/p>\n Decline in crude oil prices impacted Total Energies to decline by 1.87 percent. <\/p>\n Insurance company Axa which announced the sale of its operations in Singapore to HSBC has declined by 0.90 percent.<\/p>\n LVMH is the most actively traded stock with a volume of 56.66 million.<\/p>\n Currently only 3 scrips have survived the sell-off and the remaining scrips in the 40-scrip index are trading in negative territory. <\/p>\n The EURUSD pair is hovering around 1.1783 levels<\/p>\n Euro Area awaits the employment and GDP data on August 17 and inflation data on August 18. <\/p>\n<\/p>\n Market Analysis<\/p>\n<\/div><\/div>\n