French stocks declined on Tuesday as investors grew anxious about the political landscape in France and the potential ramifications for Eurozone growth should Donald Trump win the upcoming presidential election.
According to Goldman Sachs, the eurozone's gross domestic product could face a downturn, and inflation might rise if Trump resumes the presidency. The uncertainties surrounding trade policies, increased defense and security burdens, and the spillover effects from U.S. domestic policies could impact Europe, Goldman Sachs economists warned.
The CAC 40 index fell by 47 points, or 0.6 percent, to 7,585, after experiencing a 1.2 percent decline the previous day.
SCOR, the reinsurer, saw its stock plummet by 28 percent after issuing a profit warning. The company now anticipates a loss of 0.4 billion euros in its L&H insurance service results for the second quarter, primarily due to updates on reserves and ongoing negative variance experiences.
