(MENAFN- Kuwait News Agency (KUNA)) Share prices on the Paris Stock Exchange ceded almost two percent on Tuesday after the International Monetary Fund (IMF) warned that the crises in the Middle Ease and Ukraine, in addition to the Ebola virus, could weigh heavily on world growth.
Traders at "Boursorama Brokerage" said that the CAC 40 index of preference shares fell back 1.81 percent to close the session at 4,209.14 points.
Volume was moderate at just over four billion Euros (USD five billion) and traders said negative figures on German industrial output had also damped investor sentiment.
Air France, which has just ended two weeks of pilots' strikes, fell back 4.5 percent on news that negotiations between management and pilots' unions had fallen apart shortly after they had begun Tuesday.
Air France lost hundreds of millions of Euros during the 14-day strike that ended last week and also lost a lot of customer goodwill.
The Euro traded in a narrow band on Tuesday and ended the day practically unchanged from the previous level at USD 1.2652.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.