French Equities Erase Modest Gains as Defense Sector Retreats on Ukraine Developments
French equities retreated from slightly positive opening levels on Monday, as traders adopted a risk-averse stance amid thin trading volumes. The CAC 40 index slipped 13.40 points to 8,090.18, representing a 0.17% decline from its intraday peak of 8,128.10, as investors grappled with geopolitical uncertainty and a scarcity of market-moving catalysts.
**Defense Stocks Lead Declines**
The defense sector bore the brunt of selling pressure following signs of potential progress in Ukraine peace negotiations. U.S.
French equities retreated from slightly positive opening levels on Monday, as traders adopted a risk-averse stance amid thin trading volumes. The CAC 40 index slipped 13.40 points to 8,090.18, representing a 0.17% decline from its intraday peak of 8,128.10, as investors grappled with geopolitical uncertainty and a scarcity of market-moving catalysts.
**Defense Stocks Lead Declines**
The defense sector bore the brunt of selling pressure following signs of potential progress in Ukraine peace negotiations. U.S.