Stock movements
“Indicator went down”Stokes 600“The European Union rose by 0.2 percent at the end of a volatile week that made it on track to record a weekly decline.
The French CAC 40 index fell by 0.4 percent after the government presented the 2025 budget with plans to reduce spending and increase taxes on the wealthy and large companies by 60 billion euros ($65.5 billion).
Fitch Ratings Agency is scheduled to update its view on French debt late Friday.
In general, a state of caution prevailed as investors awaited the press conference that the Chinese Ministry of Finance will hold tomorrow, Saturday, amid high expectations that it will announce stimulus measures during it.
Stellantis shares, the company that owns Chrysler, fell 1.2 percent after it confirmed that its CEO Carlos Tavares will retire at the end of his contract in early 2026.
Sainsbury’s shares fell four percent after the Qatar Investment Authority, the largest shareholder in the British supermarket group, sold shares worth 306 million pounds.
