Wall Street reduces Paris Bourse's gains
A mixed performance on Wall Street halved early gains on the Paris Bourse on Tuesday after French shares had continued their strong recovery because of the bank rescue plans announced in Europe and the United States, dpa reported.
The benchmark CAC 40 closed the day up by 2.75 per cent, to finish at 3,628.52, with advancing issues outpacing losers by about 3 to 1.
Hotel and corporate services giant Accor led the winners, gaining 12.41 per cent to 35.60 euros, while French-American telecommunications equipment supplier Alcatel Lucent was up 10.97 per cent, at 2.15 euros.
French-Belgian bank Dexia led the decling issues, losing 15.20, to 5.30 euros, on rumours that its partial state bail-out was not working and that the company would need to be totally nationalized.
On Monday, the CAC 40 recorded its biggest-ever one-day percentage gain, when it ended the day ahead more than 11 per cent after France and other key European countries announced ambitious plans to ease the credit crunch.