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Published

French stocks lead declines in Europe, business surveys on deck

  • French stocks experienced mild losses on Monday following a surprise ratings downgrade by Moody's, which lowered France's rating from 'Aa2' to 'Aa3'.
  • The CAC 40 index dropped 0.3% as French banks Société Générale and Crédit Agricole also fell about 0.3% each.
  • The pan-European STOXX 600 index decreased by 0.1% as investors awaited December business activity readings.
  • Porsche's stock fell 1.3% due to a warning about a potential write-down of its Volkswagen stake, while Entain dropped 3.8% after legal action by Australia's financial crime watchdog.
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