French stocks lead losses in Europe at the open today

• Eurostoxx -0.6%
• Germany DAX -0.1%
• France CAC 40 -1.2%
• UK FTSE -0.1%
• Spain IBEX -0.4%
• Italy FTSE MIB -0.7%

Michel Barnier’s government have only until this afternoon to set out a compromise on the budget with Le Pen’s far-right party. However, the latter has arguably already made up their mind in pursuing a non confidence motion against the government. And that’s putting pressure on the euro and French assets to start the day. Elsewhere, S&P 500 futures are also lower by 0.2% as we get things underway in European trading.

This article was written by Justin Low at www.forexlive.com.