Thursday's Trading: French Transport Strike Derails Stocks, Causing 1.6% Drop
Traders said pressure will likely remain on the market in coming days. Stocks started their slide late Wednesday after noon, following plunges in the franc and domestic bond markets. Financial shares were attacked throughout the day on disappointment the Bundesbank didn't lower interest rates T...
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Published in | Wall Street journal. Europe |
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Main Author | |
Format | Newspaper Article |
Language | English |
Published |
Brussels
Dow Jones & Company Inc
01.12.1995
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Edition | Europe |
Subjects | |
Online Access | Get full text |
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Summary: | Traders said pressure will likely remain on the market in coming days. Stocks started their slide late Wednesday after noon, following plunges in the franc and domestic bond markets. Financial shares were attacked throughout the day on disappointment the Bundesbank didn't lower interest rates Thursday. Financial and industrial holdings group Suez finished the day down 4.5%, or 8.8 francs, at 187.10 francs, while banking group Societe Generale fell 3.5%, or 21 francs, to 583 francs. Among the few noteworthy gainers, pay-TV firm Canal Plus rose 1.6%, or 14 francs, to 908 francs. Canal Plus said Tuesday it is joining with U.S. cable giant Tele-Communications and Cie. Generale des Eaux to form a TV programming venture. Canal Plus is also said to be close to a deal with Europe's largest commercial broadcaster, Cie. Luxembourgeoise de Telediffusion. |
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ISSN: | 0921-9986 |