India, May 22 -- French stocks are drifting lower on Thursday amid rising concerns over a deteriorating U.S. fiscal outlook, a lack of clarity on tariff negotiations. Data showing a notable drop in France's manufacturing sentiment index is also weighing on stocks.
U.S. President Donald Trump's One Big Beautiful Bill Act, which will transform taxes and other federal policies, is amplifying debt and deficit concerns.
It is feared that the mega-bill pairing tax relief with spending cuts would lead to an increase in the U.S. debt and further slow U.S. economic growth.
The benchmark CAC was down 72.80 points or 0.91% 40 7,837.69 a few minutes ago.
Stellantis, Saint Gobain, ArcelorMittal and Hermes International are all down more than 3%. Cap...