Around the World's Markets: Paris

PARIS SHARES slipped yesterday as traders worried about the inflationary impact of the recovery in oil prices. The CAC-40 index fell 0.54 per cent to 4,197.06 in subdued trading.

Elf and Total were hit, falling 1.35 per cent and 1.73 per cent respectively. Other stocks followed as traders worried about the knock-on impact on commodity prices. Cyclical stocks were marked down, including Legrand, down 3 per cent and Schneider, down 1.35 per cent.