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European stocks barely moved on Black Friday as ongoing political unrest in France and the threat of US tariffs sapped investor enthusiasm.
The continent’s flagship Stoxx 600 index fell 0.1% in morning trading. London’s FTSE 100 fell by the same amount, while Paris’ CAC 40 and Frankfurt’s Dax were flat.
The French government is on the verge of collapse as it struggles to pass a budget that the market hoped would support the country’s public finances. His opponents are threatening a vote of no confidence as early as next week, which, according to Prime Minister Michel Barnier, would lead to ‘serious turbulence on the financial markets’.