French Stock Market Nosedives On Growth Fears
Share prices on the French Stock Market plunged over five percent Thursday amid concerns about tepid US economic growth and ongoing debt problems for several European nations.
The CAC 40 index of “Blue Chip” shares fell back 5.25 percent at the close to end the day at 2,781.68. The CAC 40 index has now lost over 28 percent in the past three months because of fears of recession and debt default in Europe.
Traders said volume was moderately active and about USD 7.0 billion in shares changed hands Thursday.
At the same time, the Euro came under strong pressure again today and lost 1.06 percent to trade at USD 1.3444.
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