logo
Plus   Neg
Share
Email

CAC 40 Little Changed In Choppy Trade

French stocks pared early gains to turn flat on Monday as global growth worries persisted and investors awaited more news from U.S.-China trade talks.

The benchmark CAC 40 was marginally higher at 5,233 in opening deals after closing 0.7 percent lower on Friday.

Aerospace group Safran fell 1.3 percent after a Boeing 737 MAX plane operated by Ethiopian Airlines crashed. Boeing rival Airbus rose 0.3 percent.

Tire maker Michelin Cie Des Estb slid half a percent. The company has acquired 88 percent of PT Multistrada Arah Sarana TBK, a tire manufacturer based in Indonesia, for $480 million.

Automaker Renault advanced 1.8 percent and Peugeot gained 0.4 percent. Nissan Motor, Renault and Mitsubishi Motors will create a new decision-making body to discuss business collaboration across the three-way alliance, replacing a setup that concentrated power in former chief Carlos Ghosn, Nikkei Asian Review reported.

For comments and feedback contact: editorial@rttnews.com

Follow RTT