1600 GMT [Dow Jones] CAC-40 closes 0.7% lower at 3135.18 as investors remain concerned about the French economic outlook, says a Paris-based trader. "[They] lack conviction," says the trader, highlighting that the positive release on US jobless claims, which fell to their lowest level in more than four years, was not enough to convince investors. CapGemini drops 2.9% after Credit Suisse initiates coverage at underperform. Carrefour climbs 7% after confirming analysts' views on operating profit and posting a smaller-than-expected decline in 2Q revenue. Peugeot ends 1.7% lower after announcing job cuts in France. Friday, investors will eye the University of Michigan sentiment index at 1355 GMT. (hugo.passarello@dowjones.com)

 
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