Stay up to date with notifications from The Independent

Notifications can be managed in browser preferences.

Around the World's Markets: Paris

Wednesday 05 May 1999 18:02 EDT
Comments

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

THE CAC 40 closed sharply lower, down by 1.59 per cent at 4,368.17, after the Dow failed to recover from profit taking overnight. Oil stocks were heaviest hit, contributing nearly 30 points of the CAC's 70-point loss, with Elf closing down 5 per cent and Total down 6.15 per cent.

Traders said the price swings were irrational as Brent crude oil prices were still strong and the dollar only slightly weaker. They said selling could reflect investor unease about a market correction.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in