European Stocks Steady, French Stocks Weaken
European stocks moved steadily at the start of the week, while France's CAC 40 index fell 0.7%. This decline occurred after President Emmanuel Macron appointed a new cabinet that remained largely unchanged. This decision drew strong criticism from opposition parties and raised market concerns about political stability in France.
Pictet Asset Management analyst Christopher Dembik said the market may not be calm for long. He said the future of Macron's government appears uncertain. New elections are possible, although Macron could also delay major changes until his term ends in 2027.
In the stock sector, energy companies performed best after oil prices rose, following the OPEC+ decision to increase production, albeit by a small amount. Conversely, shares in the consumer goods sector were the most depressed that day.
Several individual stocks also attracted attention. Aston Martin shares plunged nearly 9% after the company again cut its financial forecast due to US tariffs and weak global demand. Meanwhile, Stellantis shares rose 2.2% after announcing plans to invest approximately $10 billion in the United States. Investors are now awaiting political developments in the US, including a potential government shutdown, which could influence the direction of interest rates and upcoming economic data. (asd)
Source: Newsmaker.id
