French stocks experienced significant declines on Friday, influenced by looming concerns over a potential U.S. government shutdown. This development came as President-elect Donald Trump unexpectedly dismissed a bipartisan proposal.
Adding to market unease were fears surrounding tariffs, following Trump's assertion that the European Union must increase its purchases of U.S. oil and gas or face punitive trade measures.
The CAC 40, the key stock market index, fell by 98 points, marking a 1.4 percent decline to close at 7,196. This followed a 1.2 percent decrease on the previous day, Thursday.
In business-related updates, Credit Agricole saw a 1.6 percent drop in its share value after announcing its purchase of Santander's 30.5 percent stake in CACEIS, its asset servicing subsidiary.
Meanwhile, pharmaceutical giant Sanofi's shares decreased by 1.1 percent following an agreement to buy the rights to aficamten within the Greater China region from CORXEL, though the financial terms of the deal remain undisclosed.
The material has been provided by InstaForex Company - www.instaforex.com
Adding to market unease were fears surrounding tariffs, following Trump's assertion that the European Union must increase its purchases of U.S. oil and gas or face punitive trade measures.
The CAC 40, the key stock market index, fell by 98 points, marking a 1.4 percent decline to close at 7,196. This followed a 1.2 percent decrease on the previous day, Thursday.
In business-related updates, Credit Agricole saw a 1.6 percent drop in its share value after announcing its purchase of Santander's 30.5 percent stake in CACEIS, its asset servicing subsidiary.
Meanwhile, pharmaceutical giant Sanofi's shares decreased by 1.1 percent following an agreement to buy the rights to aficamten within the Greater China region from CORXEL, though the financial terms of the deal remain undisclosed.
The material has been provided by InstaForex Company - www.instaforex.com