Major stock exchanges in Europe slid at the close on Friday, with the CAC 40 experiencing the worst drop amid the political uncertainty in France and economic data. While French inflation came in hotter-than-anticipated, the country continues to grapple with a political crisis, as the citizens await the snap elections. Meanwhile, the European Union's latest tariffs on Chinese electric vehicles are predicted to affect German carmakers.
The DAX slumped 1.44% at the close, with Continental down 6.27%. Simultaneously, the Euro Stoxx 50 dropped 1.95%, as UniCredit plummeted 5.55%. The CAC 40 closed the session with a 2.66% loss, with Thales nosediving 6.70%. Concurrently, the FTSE 100 declined 0.21%, as Burberry shed 4.23%.
The euro traded 0.35% below the dollar at 5:33 pm CET, going for 1.06983. At the same time, the pound lost 0.61% against the greenback, selling at 1.26848.
