MARKET COMMENT: Paris Stocks Close Slightly Lower
June 28 2012 - 12:27PM
Dow Jones News
1557 GMT [Dow Jones] CAC-40 ends 0.4% lower at 3051.68, with
financial stocks sensitive to the uncertain outcome of the EU
summit taking place Thursday and Friday in Brussels, a trader says.
Societe Generale ends 2.1% lower, with BNP Paribas down 2.5% and
Credit Agricole off 1.2%. Vivendi bucks the trend, closing 5.5%
higher following reports that its CEO will step down. Investors
will remain focused on the EU summit Friday, while scheduled data
releases include French 1Q GDP at 0530 GMT and consumer spending at
0645 GMT. Later, US macro prints include personal income and
spending at 1230 GMT and University of Michigan consumer sentiment
at 1355 GMT. (hugo.passarello@dowjones.com)
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