France stocks lower at close of trade; CAC 40 down 2.67%

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At the close in Paris, the CAC 40 lost 2.67% to hit a new 3-months low, while the SBF 120 index lost 2.82%.

The best performers of the session on the CAC 40 were Thales (EPA:TCFP), which rose 2.10% or 2.35 points to trade at 114.00 at the close. Meanwhile, Danone SA (EPA:DANO) added 1.08% or 0.57 points to end at 53.22 and Orange SA (EPA:ORAN) was up 0.91% or 0.10 points to 10.90 in late trade.

The worst performers of the session were WFD Unibail Rodamco NV (AS:URW), which fell 8.13% or 4.87 points to trade at 55.04 at the close. Renault SA (EPA:RENA) declined 7.40% or 1.95 points to end at 24.39 and STMicroelectronics NV (EPA:STM) was down 5.72% or 1.98 points to 32.53.

The top performers on the SBF 120 were Thales (EPA:TCFP) which rose 2.10% to 114.00, Danone SA (EPA:DANO) which was up 1.08% to settle at 53.22 and Orange SA (EPA:ORAN) which gained 0.91% to close at 10.90.

The worst performers were Valneva (EPA:VLS) which was down 25.26% to 7.81 in late trade, Elior Group (EPA:ELIOR) which lost 18.31% to settle at 2.32 and Solutions 30 SE (EPA:S30) which was down 14.84% to 3.80 at the close.

Falling stocks outnumbered advancing ones on the Paris Stock Exchange by 521 to 67 and 64 ended unchanged.

Shares in Valneva (EPA:VLS) fell to 52-week lows; down 25.26% or 2.64 to 7.81. Shares in Elior Group (EPA:ELIOR) fell to all time lows; losing 18.31% or 0.52 to 2.32. Shares in Solutions 30 SE (EPA:S30) fell to 52-week lows; losing 14.84% or 0.66 to 3.80.

The CAC 40 VIX, which measures the implied volatility of CAC 40 options, was unchanged 0.00% to 18.96 a new 52-week high.

Gold Futures for August delivery was down 2.40% or 44.95 to $1,830.55 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in July rose 0.85% or 1.02 to hit $121.69 a barrel, while the August Brent oil contract rose 0.90% or 1.10 to trade at $123.11 a barrel.

EUR/USD was down 0.74% to 1.04, while EUR/GBP unchanged 0.44% to 0.86.

The US Dollar Index Futures was up 0.79% at 104.83.