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The Paris Stock Exchange is off to a shaky start to the week, marked by worrying news from China. The CAC 40 actually lost 0.21% in the first hours of trading. The French stock market appears to be affected by the slowdown in Chinese growth. A situation that also concerns global investors!
Paris stock market under pressure in the face of the Chinese crisis
THE paris stock market is showing signs of running out of steam, especially as China’s economy struggles to recover despite recent stimulus measures. China’s central bank just announced a cut in its interest rates to stimulate growth. Unfortunately, the effects are slow to manifest in the market.
For now Paris Stock Exchange and its CAC 40 index continues to decline. They have lost almost 15 points since the start of this Monday.
Limited impact of Chinese measures on CAC 40
Despite the Chinese government’s efforts to revive the economy by cutting interest rates, the results so far have been mixed. THE European investorsespecially those with exposure to the Chinese market remain skeptical of a rapid recovery.
Analyst Andreas Lipkow, for example, says European companies, including those in the CAC 40, may not immediately benefit from the potential improvement real estate market in China. The situation therefore continues to weigh heavily on the Paris Stock Exchange with an uncertain outlook.
Paris Stock Exchange: What is the outlook for the coming week?
Investors are keeping a close eye on the upcoming economic indicatorsespecially the Flash PMI surveys for October, which will be released on Thursday. These data will indeed provide a clearer picture of the economic situation in France and the Eurozone.
For now, the CAC 40 remains vulnerable to global economic fluctuations (and especially developments in the Chinese market). The Paris Stock Exchange could therefore continue to face turbulence until the situation in China improves.
As uncertainty plagues the Paris stock market, investors must be cautious.
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My name is Ariela and I am 31 years old. I have been working in the field of web development for 7 years. I only discovered trading and cryptocurrencies a few years ago. But it’s the universe that interests me a lot. And the topics covered within the platform allow me to learn more. A singer in my spare time, I also have a great passion for music and reading (and animals!)
DISCLAIMER OF LIABILITY
The comments and opinions expressed in this article are solely those of the author and should not be considered investment advice. Before making any investment decision, do your own research.
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