French stocks were somewhat unstable on Monday, following an eventful week of central bank meetings across Asia, Europe, and the United States. Investor sentiments remained cautious due to the escalating trade war between the U.S. and China and the subsequent adjustment in FOMC forecast by Federal Reserve Atlanta chief, Bostic, to only one rate cut this year.
As traders eagerly anticipate the U.S. and European inflation data set to be released this week, the U.S. core personal consumption expenditure (PCE) price index is predicted to display a 0.3 percent increase in February, maintaining the annual rate at 2.8 percent.
The CAC 40, which is a benchmark index in France, was slightly lower at 8,146, recording a 0.3 percent loss on Friday. Numerous companies such as Pernod Ricard, Saint Gobain, and Societe Generale experienced around a 1 percent drop, whereas, Thales, a global player in advanced technologies, saw a 1.3 percent hike following their agreement with Skyguide to advance open architectures for Air Traffic Management (ATM) systems.
