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CAC 40 futures fall after LVMH misses the mark
Not long ago the Q1 results from the French fashion and luxury giant, LVMH hit the screens and it was not very good. The company missed on revenue by nearly 1 billion euros in Q1. Ahead of this report the CAC 40 had enjoyed a very positive session. The index had closed 2.37% higher on the day, rising by 168 points, ending the session at 7,273. This new from LVMH has sent the CAC 40 futures abruptly lower, notwithstanding a corresponding fall in the US stock markets at the same time. They had unwound their earlier gains, especially the Nasdaq 100. So, following these poor results from LVMH the CAC 40 is just now priced to open tomorrow at around 7,175
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