CAC 40 Moderately Lower As Investors Await Direction
(RTTNews) - French stocks are exhibiting weakness Friday morning, with those from luxury and automobile sectors recording more pronounced losses. Concerns about political uncertainty in France, and tariff threats by U.S. President-elect Donald Trump appear to be weighing on stocks.
The benchmark CAC 40, which dropped to 7,393.76 earlier in the morning, was up 48.67 points or 0.66% at 7,345.0 a little while ago.
On Thursday, French stocks underpeformed even as other major markets in Europe scored impressive gains despite early weakness. The CAC 40 closed up 0.18% yesterday.
ArcelorMittal is down 3.4%. Kering and Stellantis are down nearly 3% from Thursday's closing prices. Dassault Sytemes is lower by about 1.8%, while LVMH, STMicroElectronics, Essilor, Hermes International, Safran and Accor are down 1 to 1.5%.
Unibail Rodamco, TotalEnergies and Eurofins Scientific are moderately higher, while Vivendi, Engie and Bouygues are up marginally.
Dollar Drifts Lower Against Major Counterparts
TSX Ends On Firm Note Again, Gains 1.1% In Week
Canadian Market Remains Positive, Looks On Course For Another Firm Close
Swiss Market Ends Modestly Higher
European Stocks Close Weak After Cautious Session
Australian Dollar Drops Against Most Majors
Canadian Dollar Falls Against Majors
