French shares ease up; ArcelorMittal caps gains

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Source: Dukascopy Bank SA
© Scanpix/AFP
French shares eased up on Wednesday as unexpected rise in the eurozone's jobless rate was partly offset by upbeat retail sales numbers from Germany. Limiting an upward trend, France's consumer spending increased less than expected last month. The CAC Index inched up 0.08% to trade at 3,462.30. Nine out of ten sectors included in the index advanced. Oil and gas sector and utility companies poised the biggest gains. Technip and Total jumped 0.14% and 1.44% while GDF Suez and Veolia Environnement added 0.85% and 1.11%. At the same time, basic materials slumped 1.42%. Air Liquide and ArcelorMittal plunged 1.06% and 4.42%. ArcelorMittal reported that its EBITDA fell by annualized 44% in Q3.


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Wed, 31 Oct 2012 16:26:00 GMT

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