French stocks heading for worst annual run in years
French stocks heading for worst annual run in years
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French stocks are facing their worst yearly performance since the 2007-2008 financial crisis, driven by political anxieties, potential tariffs from the EU-China trade war, and a cost of living crisis. The CAC 40 index has fallen 3% year-to-date, with luxury sector struggles significantly impacting it. While LVMH and Kering have seen declines, Hermès has performed well. Increased competition from Chinese automakers, particularly in the EV sector, and retaliatory tariffs from China on EU products are also contributing factors.
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