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CAC 40

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Market cap31 March 2016
Exchanges Euronext Paris
Weighting methodCapitalization-weighted
Related indicesCAC Next 20
CAC Small
OperatorEuronext
Date of Reg.
Date of Upd.
ID628163
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About CAC 40


The CAC 40 is a benchmark French stock market index. The index represents a capitalization-weighted measure of the 40 most significant values among the 100 highest market caps on the Euronext Paris.

Fears of the second virus-outbreak-hit-share

Feb 16,2020 5:19 am

financial markets have tumbled amid fears that an increase in the coronavirus cases, hurt the economic recovery.

In the United States, the three most important financial indexes saw their worst day in weeks, with the Dow Jones Industrial Average almost 7%.

The Decline came A Day after America's Central Bank , said the United States is facing a long road to recovery.

you follow a weeks-long rally that had helped the shares regain some ground from March lows.

energy and travel stocks were among the biggest losers as oil prices were also a hit.

Earlier, European and Asian shares also dropped, with the UK FTSE 100 decline of about 4%. In Germany, the Dax 4 fell. 4%, while in France the Cac 40 ended 4. 4% lower.

Slow recovery

had share prices rallied amid hopes that the economy will recover, as the authorities loosen the controls to slow down in order to try to prevent the spread of The Virus .

last week, the surprise of the report shows US employers had helped to restart the hiring in may, pushing the Nasdaq to new heights.

the U.S. Department of labor reported on Thursday that the other 1. 5 million people new unemployment figures last week, had submitted. More Than 30 million continue to collect the benefits, it said.

The unemployment rate could remain above 9% at The End of the Year - Close to the worst value of the financial crisis, the policy of the Federal Reserve said on Wednesday.

the Bank's Chairman, Jerome Powell warned that the rating may be optimistic, should infection and hospitalization rates worsen.

"It could hurt The Recovery , even if you do not have a national-level pandemic. Only a series of local, of local voltage spikes could have the effect of undermining the confidence of the people in travelling, in restaurants and in entertainment," He Said . "It would not be a Positive Development . "

His remarks came amid a surge of coronavirus cases in several U.S. States, including Arizona and South Carolina .

The Dow fell to 1,861. 8 points or 6. 9% at The End of 25,128, while the S& P 500 slipped 188 points, or 5. 9% to 3,002. 1. The Nasdaq closed 527. 6 points lower, or 5. 2% at 9,492. 7.

Finance Minister Steven Mnuchin said he didn't want to kept see a return of the locking feature that the largest economy in The World frozen and weeks this spring.

But economists warned the people to stay home voluntarily when they fear to be sick.



ftse 100, cac 40, dow jones industrial average, coronavirus pandemic, nasdaq

Source of news: bbc.com

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