French Stocks Extend Decline
The CAC 40 fell 0.4% to 7,834 on Tuesday, extending losses from the previous session as renewed selling in global technology and AI stocks weighed on investor sentiment. Pressure on the sector persisted ahead of earnings reports from major technology companies this week, amid concerns over mounting AI investment and elevated interest rates. In France, investors also monitored ongoing social unrest as the government grappled with widespread discontent over inadequate public services and the rising cost of living. Protests turned violent over the weekend, adding to political uncertainty ahead of the presidential election in April. Among individual stocks, STMicroelectronics fell 2.8%, tracking broader losses across the technology sector. Other notable decliners included Safran (-1.5%), Legrand (-3.7%) and Société Générale (-0.9%). In contrast, EssilorLuxottica rose 1.6% ahead of its earnings later today, with revenue expected to increase despite smart eyewear challenges.
The CAC 40 fell 0.4% to 7,834 on Tuesday, extending losses from the previous session as renewed selling in global technology and AI stocks weighed on investor sentiment. Pressure on the sector persisted ahead of earnings reports from major technology companies this week, amid concerns over mounting AI investment and elevated interest rates. In France, investors also monitored ongoing social unrest as the government grappled with widespread discontent over inadequate public services and the rising cost of living. Protests turned violent over the weekend, adding to political uncertainty ahead of the presidential election in April.
Among individual stocks, STMicroelectronics fell 2.8%, tracking broader losses across the technology sector. Other notable decliners included Safran (-1.5%), Legrand (-3.7%) and Société Générale (-0.9%). In contrast, EssilorLuxottica rose 1.6% ahead of its earnings later today, with revenue expected to increase despite smart eyewear challenges.