French stock markets experienced a small decline on Monday while the euro strengthened against other major currencies. This shift came after Yannis Stournaras of the European Central Bank (ECB) dismissed the possibility of reducing interest rates in March.
Later in the day, ECB President Christine Lagarde is scheduled to participate in a debate discussing the ECB Annual Report 2022, located in Strasbourg, France.
Additionally, important indicators regarding the future and speed of potential interest rate cuts in the United States and Europe could come from this week's release of U.S. personal consumption expenditures (PCE) figures and inflation data from the Eurozone.
The primary French stock index, the CAC 40, fell by 26 points or 0.3% to 7,940, after witnessing a rise of 0.7% on the previous Friday.
In company updates, the share value of Compagnie de Saint-Gobain S.A., a company specializing in construction and materials, saw a slight decrease. The company recently announced its definitive agreement to purchase shares of CSR, a building products company, via a cash transaction valued at A$9 per share. This deal increases the total net corporate value to A$3.2 billion.
