CAC 40 Falls by 183 Points
Market Summary
As of 09:49 AM on August 5, 2024, the CAC 40 index has dropped by 183 points to 11912.
The index, which tracks the performance of the 40 largest companies listed on the Euronext Paris exchange, has been dragged down by declines in several sectors, including energy, financials, and consumer goods.
Some of the biggest losers on the day include TotalEnergies (-3.5%), BNP Paribas (-2.8%), and L'Oréal (-2.2%).
The decline in the CAC 40 comes amid a broader sell-off in global stock markets, as investors remain concerned about the economic impact of the ongoing COVID-19 pandemic and the war in Ukraine.
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