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French stocks are exhibiting weakness on Friday with investors largely cautious ahead of Fitch Ratings’ review of France’s sovereign credit rating. Expectations of a rate cut by the Federal Reserve next week appear to be limiting market’s downside.<\/p>\n
Investors are digesting data showing France’s consumer price inflation eased slightly as initially estimated in August.<\/p>\n
The benchmark CAC 40 was down 35.45 points or 0.45% at 7,788.07 a few minutes ago.<\/p>\n
Stellantis, down 2.6%, is the biggest loser in the benchmark CAC 40 index. Hermes International is down 1.7% and Renault is down 1.6%.<\/p>\n
Societe Generae and EssilorLuxottica are down 1.2% and 1.1%, respectively. L’Oreal, TotalEnergies, Airbus, BNP Paribas, Pernod Ricard, Vinci and Carrefour are also down in negative territory.<\/p>\n
Among the gainers, Thales is up 1.8%. Unibail Rodamco, Capgemini, Bureau Veritas, Ederned and Eurofins Scientific are advancing by 0.4 to 0.8%.<\/p>\n
France’s consumer price inflation eased slightly as initially estimated in August, the latest data from the statistical office INSEE showed on Friday.<\/p>\n
Data from INSEE showed consumer price inflationin France moderated to 0.9% in August from 1% in July, in line with the flash data published on August 29.<\/p>\n
Inflation, based on the Harmonized Index of Consumer Prices, also slowed to 0.8% in August from 0.9% a month ago, as estimated.<\/p>\n
Month-on-month, the consumer price index registered a 0.4% rise after July’s 0.2% increase. Likewise, HICP inflation accelerated to 0.5% from 0.3%. There was no change in figures compared to the preliminary estimate. <\/p>\n<\/p>\n
Market Analysis<\/p>\n<\/div>\n