On Tuesday, French stocks experienced a downturn as investors adopted a cautious stance ahead of significant U.S. consumer and producer inflation reports due later this week. These reports are anticipated to influence the future direction of the Federal Reserve's monetary policy.
Attention also turned towards the impending decision on monetary policy by the European Central Bank (ECB), scheduled for Thursday. The ECB is widely expected to enact a 25 basis point interest rate cut, marking its third consecutive reduction.
The CAC 40 index saw a decline of 36 points, equivalent to a half-percent drop, settling at 7,443. This follows a 0.7 percent gain that was recorded in the previous trading session.
Luxury goods manufacturers with significant exposure to the Chinese market, such as LVMH, Kering, and Hermes International, witnessed declines in their stock values ranging between 1-2 percent. This downturn is attributed to China’s export and import figures for November, which fell short of expectations, highlighting escalating trade challenges.
