The CAC 40 of the French stock market experienced a decline on Friday morning, marking its fifth consecutive session of losses. This downturn is attributed to prevailing geopolitical tensions and uncertainty regarding the negotiations surrounding the French budget, which have negatively impacted market sentiment. The French government has deferred parliamentary discussions regarding its budget until next Tuesday. The discussions were initially slated for today.
The CAC 40 experienced a decline of 29.25 points, reflecting a decrease of 0.35%, settling at 8,283.87 shortly before noon.
- Kering, EssilorLuxottica, and Renault experienced declines of 3.4%, 3.2%, and 2.3%, respectively.
- Shares of Dassault Systemes, Stellantis, LVMH, Air Liquide, Schneider Electric, Hermes International, and Saint Gobain experienced declines ranging from 1.1% to 1.7%.
- STMicroElectronics, Sanofi, Carrefour, Pernod Ricard, Legrand, and ArcelorMittal exhibited signs of weakness as well.
- Thales experienced an increase of 2.75% and Safran, Vinci, Eurofins Scientific, Bouygues, AXA, and Eiffage experienced upward movement.
- Orange advanced by 1.85%, while Publicis Groupe experienced a gain of 1.7%.
- Accor experienced an increase of 1.4%, whereas Airbus saw a rise of nearly 1%.
Concerns regarding Greenland have resurfaced, as reports indicate that European troops are deploying to the region to safeguard it against a tangible military threat from the United States. The announcement regarding the deployment of troops from various European nations and other NATO allies followed a breakdown in high-level negotiations between officials from Denmark and the United States on Thursday.