Paris Stock Exchange and its luxury goods sector reacted badly to Chinese data on Wednesday May 31. The leading CAC 40 index was down 0.54%, or 39.05 points, at 7,170.27 points at around 10am.

Chinese data weigh on luxury sector. Paris Stock Exchange retreated on Wednesday, May 31, showing little satisfaction with the latest Chinese economic statistics, which once again point to a less vigorous economic recovery than expected, weighing on luxury goods stocks.

The leading CAC 40 index was down 0.54%, or 39.05 points, at 7,170.27 points around 10 a.m., again at its lowest level since the end of March. On Tuesday, it had fallen sharply by 1.29%.