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.
Euro Falls Amid Political Uncertainty
Bay Street Likely To Open On Positive Note
European Stocks Turning In Mixed Performance
FTSE 100 Flat In Lackluster Trade; Bank Stocks Drifting Lower
CAC 40 Advances After Recent Losses
DAX Remains Weak Despite Paring Some Early Losses
Mixed Sentiment In Asian Markets
