CAC 40 Edges Lower In Lackluster Trade : vimarsana.com

CAC 40 Edges Lower In Lackluster Trade


CAC 40 Edges Lower In Lackluster Trade
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - French stocks fell slightly in lackluster trade on Friday as strong U.S. economic data released overnight intensified expectations of the likelihood of U.S. Federal Reserve paring back its bond-buying program.
While ADP private payrolls surged in May, U.S weekly jobless claims fell below 400,000 last week, indicating a strengthening of the labor market.
Separate data from the Institute for Supply Management showed that U.S. service sector activity hit a record high in May.
The U.S. nonfarm payrolls report due later in the day might offer more clues on labor market recovery and the direction of policy.

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