India, May 19 -- French stocks are down in negative territory on Monday, retreating from a one-month high recorded in the previous session, as investors make cautious moves amid some concerns about global growth following a downward revision in U.S. credit rating.
Investors are also digesting news about the EU and the UK reaching a provisional deal on defense, fisheries and youth mobility ahead of an upcoming summit.
The benchmark CAC 40 was down 58.17 points or 0.74% at 7,828.52 a little while ago.
Hermes International is declining nearly 2.5%. Kering and LVMH are down 1.7% and 1.6%, respectively.
STMicroElectronics, Stellantis, Schneider Electric, Edenred and Saint Gobain are down 1 to 1.4%. Legrand, Teleperformance, ArcelorMittal, Ac...