European Markets Decline Amid Tech Selloff and Weak French Economic Data
European equity markets experienced a downturn as a broader selloff in the technology sector weighed heavily on investor sentiment. Major indices, including Germany's DAX and France's CAC 40, saw declines, reflecting cautious trading across the continent. Economic data from France added to the bearish tone, revealing a 0.1% contraction in the economy during the third quarter driven by declining exports. Furthermore, inflation expectations for France in October have risen to 3.4%, exceeding previous estimates and complicating the regional macroeconomic outlook.