On Tuesday, French stocks demonstrated a subdued performance, following an unexpected dip in France's consumer confidence for the month of February. The latter revelation was based on a monthly survey conducted by the statistical office INSEE.
The consumer sentiment index dropped to 89 from its previous value of 91, contrary to the anticipated increase to 92. Following a decline of half a percent on Monday, the benchmark CAC 40 remained mostly stagnant, hovering around 7,926.
In business developments, retailer Casino saw its shares soar by 36 percent after a French court approved its restructuring proposal. Technology firm Capgemini also witnessed a slight increase in shares following a lucrative deal with TenneT, a European transmission system operator. Valued at over 100 million euros, the pact involves designing, building, and implementing a cloud platform aimed at optimizing the performance of TenneT.
Meanwhile, multi-profile conglomerate Bouygues experienced a 6 percent surge in shares after its annual core profit surpassed the company's prior projections.
