India, May 23 -- French stocks are drifting lower on Friday, giving up early gains amid cautious moves by investors due to persisting concerns about U.S. fiscal outlook, and continued uncertainty surrounding Trump administration's tariff moves. Data showing a drop in French consumer confidence also weigh on sentiment.
The benchmark CAC 40, which advanced to 7,888.97 earlier in the session, dropped to 7,828.14, losing 36.30 points or 0.46%.
Pernod Ricard, Essilor, Hermes International and Veolia Environment are down 1.5 to 2%. Carrefour and Thales are lower by 1.25% and 1.2%, respectively.
Orange, AXA, L'Oreal, Saint Gobain, LVMH, Schneider Electric and Societe Generale are modestly lower.
googletag.cmd.push(function() { googletag.displa...