The French stock market experienced a decline on Monday, with the euro facing downward pressure due to a lack of significant economic data releases. ECB official Gediminas Simkus indicated that the interest rates might dip below the natural level of 2 to 3 percent if inflation remains persistently low.
The CAC 40 index saw a reduction of 16 points, representing a 0.20 percent decline, settling at 7,597, following a 0.4 percent increase observed last Friday.
Sanofi, a major pharmaceutical firm, experienced a downturn as it entered exclusive negotiations to divest a 50 percent controlling stake in its consumer healthcare segment, Opella, to the private equity entity Clayton, Dubilier & Rice (CD&R). Conversely, Forvia, the seventh largest auto parts supplier globally by revenue, saw its stock surge nearly 9 percent after surpassing sales expectations for the third quarter.
