European shares inch lower, dragged by French stocks
06/10/2025 08:02
For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Oct 6 (Reuters) - European shares were subdued on Monday, with French stocks lagging after Prime Minister Sebastien Lecornu named a new finance minister, while gains in technology and energy stocks helped limit broader losses. The pan-European STOXX 600 .STOXX inched 0.1% lower to 570.1 points by 0712 GMT. The index briefly hit an intraday record high on Monday after climbing more than 2.8% last week. French stocks .FCHI were down 0.7% after Lecornu named Roland Lescure, a close ally of President Emmanuel Macron, as finance minister on Sunday. Eurozone banks .SX7E dipped 0.6%, with French lenders Societe Generale SOGN.PA, Credit Agricole CRAP.PA and BNP Paribas BNPP.PA leading declines. Keeping broader losses at bay, oil and gas .SXEP gained 0.8% tracking higher oil prices after OPEC+'s planned production increase for November was more modest than expected. Technology stocks .SX8P also advanced 0.5%, with heavyweight ASML ASML.AS up 1.6% early on. Among other moving stocks, SEB SEBF.PA slid 22.3% after the French kitchenware maker cut its annual sales and profit forecast. UK's Aston Martin AML.L dropped 6.8% after the luxury carmaker warned of a full-year loss that would be bigger than market consensus. (Reporting by Shashwat Chauhan in Bengaluru and Amir Orusov in Gdansk; Editing by Harikrishnan Nair) ((Shashwat.Chauhan@thomsonreuters.com ; Amir.Orusov@thomsonreuters.com))