French stocks drop due to budget fears, European auto stocks struggle

From Investing.com: 2024-11-27 05:16:27

French stocks hit a three-month low due to fears over new government and budget, while European auto stocks suffer from worries over Trump’s tariffs. French bonds also took a hit, driving borrowing costs to highest level since 2012. Far-right leader threatens government over budget cuts. Investors fret over next tariff targets after Trump’s announcements. European auto stocks fall, Grifols slumps 11%, Elekta falls 5%. EasyJet rises 3.4%, Henkel up 3% on upbeat forecasts and rating hike. U.S. inflation data in focus after Fed’s cautious stance on monetary policy.



Read more at Investing.com: France’s CAC 40 drops 1% on budget angst, European auto stocks struggle By Reuters