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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Total News Sources0
Leaning Left0Leaning Right3Center2Last UpdatedBias Distribution60% Right
Bias Distribution
- 60% of the sources lean Right
60% Right
C 40%
R 60%
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