French stocks declined on Friday following a rise in the country's borrowing costs, which for the first time surpassed those of Greece. This development comes amidst ongoing political challenges and a slowing economy.
In terms of economic indicators, preliminary data indicated that France's harmonized inflation rate increased to 1.7% in November, up from 1.6% in October, aligning with predictions. This figure remains below the European Central Bank's 2% target. Inflation data for the entire Euro zone is expected to be released later today.
The CAC 40 index fell by 12 points, or 0.2%, to 7,168, after gaining 0.5% the previous day.
Automaker Renault experienced a downturn due to concerns that tariffs imposed by Donald Trump might destabilize auto industry supply chains and increase costs.
Despite heightened expectations for upcoming economic stimulus measures, both LVMH and Hermes, companies with significant exposure to China, experienced slight losses in anticipation of a significant policy meeting in China next month.
