Posted 2/19/2024, 1:14:43 PM
French Growth Forecast Cut Damps Market Mood; Europe Shares Mixed Ahead of BUSY Economic Calendar
- French government cuts 2024 GDP growth forecast to 1% from 1.4%, dampening market mood
- European shares downbeat on Monday; CAC 40 drops 0.43%, Stoxx 600 flat, FTSE 100 up 0.41%
- French banks Credit Agricole, BNP Paribas among top gainers; Thales, ArcelorMittal amongst losers
- Investors eye upcoming economic data incl. Euro Area consumer confidence, ECB meeting, US FOMC minutes
- Slew of PMI data from Germany, Euro Area, UK out Thursday; Euro Area, Italian inflation and German GDP also due