India, July 22 -- French stocks are notably lower on Tuesday amid rising uncertainty over U.S.-EU trade talks ahead of the August 1 deadline. The mood is very cautious with investors awaiting a slew of earnings updates from big name French companies.
According to media reports, the European Union is preparing to respond with a suite of retaliatory measures under its Anti-Coercion Instrument (ACI) following U.S. President Donald Trump's threat to impose a 30% tariff on EU goods from 1 August.
Also, the prospect of an interim trade deal between the U.S. and India before the August 1 deadline have dimmed due to persistent disagreements over key agricultural and dairy products.
The benchmark CAC 40 was down 61.68 points or 0.79% at 7,736.54 ...