French stocks decline due to political and economic challenges, CAC 40 index dropped 0.1%.

From Nasdaq, Inc.: 2024-12-17 04:14:21

French stocks declined as Germany and France faced political and economic challenges. The National Assembly approved a special law to prevent a government shutdown in the absence of a 2025 budget. The law will serve as a temporary measure until the new Bayrou government drafts the proper budget bill, expected in early 2025. France’s central bank revised its 2025 growth forecast from 1.2% to 0.9% due to increased economic uncertainty. The CAC 40 index dropped 0.1%, while Airbus shares rose 1.5% following an upgrade by Deutsche Bank.



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