CAC 40 Drops for 2nd Straight Session
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Paris’s CAC 40 index fell 0.4% to close at 7,795, marking its second consecutive decline. Investors are reassessing the likelihood of a Fed rate cut next month following strong US economic data, including an upgraded Q2 GDP of 3.8% and a drop in jobless claims. TotalEnergies SA shares slipped 0.2% as it plans to adjust buybacks based on energy prices. The decline was led by Stellantis (-2.6%), Sanofi (-2.5%), and Saint-Gobain (-2.4%).
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