MARKET COMMENT: Paris Stocks Close Sharply Lower

Date : 07/06/2012 @ 12:24PM
Source : Dow Jones News
Stock : Arconic Inc. (ARNC)
Quote : 27.87  0.0 (0.00%) @ 7:15AM

MARKET COMMENT: Paris Stocks Close Sharply Lower

Arconic Inc. (NYSE:ARNC)
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1554 GMT [Dow Jones] CAC-40 closes 1.9% lower at 3168.79 after the publication of below-forecast US nonfarm payrolls data, says a Paris-based trader. Peugeot is the session's biggest loser, with a 7.7% retreat following the release of data showing an annual fall in sales of 13% for the first six months of 2012. Banks also suffer, with Societe Generale down 5.7% and BNP Paribas off 4%. Looking to Monday, investors will be watching the beginning of the US earnings season starting with Alcoa's 2Q update, plus any development on the euro zone. (hugo.passarello@dowjones.com)

 
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