MARKET COMMENT: Paris Stocks Close Slightly Lower

Date : 07/09/2012 @ 12:19PM
Source : Dow Jones News
Stock : Arconic Inc. (ARNC)
Quote : 26.0  -0.11 (-0.42%) @ 4:00PM

MARKET COMMENT: Paris Stocks Close Slightly Lower

Arconic Inc. (NYSE:ARNC)
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1548 GMT [Dow Jones] CAC-40 closes 0.4% lower at 3156.8 as investors cautiously await the start of the US earnings season for 2Q, says a Paris-based trader. Already 42 companies, including Ford and Texas Instruments, have warned investors that profits will be lower than initially expected. Carrefour leads the CAC-40 decline, down 3.3% following a Credit Suisse report expecting 1H operating margins "to be down year-on-year in all regions given challenging times in Southern Europe and China especially." Carrefour's 2Q sales announcement is due Thursday. Looking to Tuesday, investors will keep an eye on the French industrial production index due at 0645 GMT. (hugo.passarello@dowjones.com)

 
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