French stocks held steady on Thursday as moderating U.S. inflation eased concerns of earlier-than-expected stimulus tapering by the Federal Reserve.
Investors shrugged off data showing that Eurozone industrial production declined again in June as supply-chain bottlenecks hindered activity.
Output from factories, mines and utilities across the single-currency area in June fell 0.3 percent from the previous month, Eurostat said while analysts had forecast a 0.2 percent increase.
Month-on-month industrial output growth for May has been revised down to a 1.1 percent fall from a 1.0 percent decline in the preliminary estimate.
Industrial production rose 9.7 percent year-on-year in June, less than the 10.5 percent increase forecast by economists.
The benchmark CAC 40 edged up 7 points, or 0.1 percent, to 6,865 after gaining 0.6 percent the previous day.
CAC 40 Holds Steady Despite Weak Data
2021-08-12 09:14:13
