CAC 40 Marginally Lower As Investors Look To BoE Meeting
(RTTNews) - French shares were marginally lower on Thursday as a raft of Chinese data came in below estimates and investors awaited a pivotal BoE meeting for direction.
Earlier in the day, the Swiss National Bank maintained its expansionary monetary policy and upgraded its inflation projections.
The benchmark CAC 40 was down 4 points or 0.07 percent at 5,213 in late opening deals after closing 0.2 percent higher on Wednesday.
Automaker Renault rose 0.4 percent and Peugeot added 0.2 percent.
Europe's passenger car sales grew 5.6 percent year-on-year to 865,047 units in August, up from July's 2.7 percent increase, industry data showed today.
Vivendi slid 0.2 percent as Italy's market watchdog said the French media firm had "de facto control" over Telecom Italia.
Aeronautical company Zodiac Aerospace gained 1 percent after reaffirming targets for 2016/17.
Hermes lost more than 2 percent after the luxury goods maker warned of a slowdown in profit growth in the second half due to currency headwinds.
In economic releases, French consumer price inflation rose to a four-month high of 0.9 percent in August, as initially estimated, final data from statistical office Insee showed.