Dec 2, 2024 at 8:38 am GMT
(Reuters)- Europe's main stocks index opened lower on Monday, with France's benchmark CAC 40. FCHI dropping more than 1% due to the country's political turmoil, while Stellantis slid on the carmaker's abrupt CEO resignation.
The pan-European STOXX 600.STOXXindex was down 0.3% as of 0810 GMT.
Paris and Milan-listed shares in StellantisSTLAM.PAslumped around 7% each afterCEO Carlos Tavares's resignation, aiding a near 2% decline in the automobiles index. SXAP .
France's far-right National Rally (RN) willlikely back a no-confidence motionagainst the government in the coming days unless there's a "last-minute miracle", after RN lawmaker Marine Le Pen gave Prime Minister Michel Barnier until Monday to yield to the party's budget demands.
Additionally, the country's main stocks index was dragged by lenders, with Credit Agricole CAGR .PA, Societe Generale SA SOGN .PAand BNP Paribas BNPP .PA, down around 2% each.
French borrowing coststopped those of Greece for the first timeever, while theeuroEUR=EBSslumped against the dollar.
Chip stocks dragged the tech index.SX8P, with the U.S. set tolaunch its third crackdownin three years on China's semiconductor industry.
Among individual stocks, Delivery Hero DHER .DElost 7% as the German delivery company's freelance riders at its Glovo unit in Spain will behired as employees.
 Reporting by Joao Manuel Mauricio in Gdansk; Editing by Janane Venkatraman 

Sumber : Reuters