Home
News
默认头像

CAC 40 Subdued On Budget Worries

2024-12-30iFOREXiFOREX
French stocks traded lower on Friday, a day after the country&#39;s borrowing costs rose above those of Greece for the first time amid ongoing issues in politics and a weakening economy."/> <meta property="og:site_name" content="Myfxbook.com
CAC 40 Subdued On Budget Worries

(RTTNews) - French stocks traded lower on Friday, a day after the country's borrowing costs rose above those of Greece for the first time amid ongoing issues in politics and a weakening economy.

Meanwhile, preliminary data showed France's harmonized inflation rate rose 1.7 percent in November from 1.6 percent in October -matching expectations and remaining well below the European Central Bank's 2 percent target. Euro zone inflation data is due later in the day.

The benchmark CAC 40 was down 12 points, or 0.2 percent, at 7,168 after adding half a percent the previous day.

Automaker Renault was moving lower on concerns that Donald Trump's tariffs may destabilize the auto industry supply chains and raise costs.

China-related LVMH and Hermes were seeing modest losses despite growing expectations for new stimulus ahead of a key policy meeting in China next month.

Disclaimers

The article is sourced from myfx with the original source credited. The views expressed herein are not affiliated with FXOR; readers are encouraged to approach the content rationally. Copyright belongs to the original author. If unintentional infringement upon media or personal intellectual property rights has occurred, please contact us, and we will promptly remove the content. FXOR merely provides information storage services. The article is compiled and released by FXOR; reprints must indicate the original source.