CAC 40 Retreats As Nice Truck Attack Leaves 84 Dead
(RTTNews) - French shares inched lower on Friday as worries over yet another horrible attack in France, this time in the Riviera city of Nice, overshadowed better-than-expected economic data out of China.
French President François Hollande extended a state of emergency by another three months, saying all of France is under threat from terrorism.
Meanwhile, Eurostat figures showed that the euro zone inflation rate turned positive in June, confirming the initial estimate released two weeks ago.
The benchmark CAC 40 was down 37 points or 0.85 percent at 4,348 in late opening deals, with travel and leisure stocks bearing the brunt of the selling.
Hotels operator Accor tumbled 3.7 percent, airline Air France-KLM dropped 2.5 percent and airports' operator Aeroports de Paris shed 1.7 percent.
Financials BNP Paribas and Societe Generale Group traded marginally higher.