Around the World's Markets: Paris

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The Independent Online
TUESDAY'S SLIDE on Wall Street prompted heavy losses in early Paris trade, but stocks recovered later in the session as the Dow Jones index clawed back ground. The CAC-40 ended down just 21.31 points, or 0.5 per cent, at 4058.16, having been more than 1 per cent lower earlier in the day.

Major movers included the banks Paribas and Societe Generale, which pleased the market with a pledge to double the value of their holding should their planned merger go ahead.