Europe stocks open lower
The regional Stoxx 600 index opened 0.09% lower, with travel stocks leading losses. France’s CAC 40 index dropped 0.36% as investors assessed credit rating agency Moody’s surprise Saturday decision to downgrade the country’s score to Aa3, from Aa2 previously. The agency said French public finances would be weakened in the coming years by ongoing political instability.
On Friday, Francois Bayrou was named as France’s fourth prime minister this year.
Entities formerly part of French media conglomerate Vivendi
are listing in Europe. French broadcaster Canal+ is debuting in London, advertising and PR firm Havas in Amsterdam, and publishers Louis Hachette Group in Paris.
Source: CNBC