CAC 40 Gives Up Early Gains

(RTTNews) - French shares are marginally lower in early trade on Friday, giving up initial gains as investors take stock of President-elect Donald Trump's positions on a range of domestic and foreign policy issues.

Donald Trump winning the U.S. presidential election is a major event, but it is too early to say if that would affect the policy decision in December, European Central Bank Executive Board member Benoit Coeure said.

"It is not for the ECB to assess the political consequences," Coeure said in an interview to the newspaper Le Progrès de Lyon and other French newspapers.

The benchmark CAC 40 is currently down 3 points or 0.07 percent at 4,527 after declining 0.3 percent in the previous session.

Among the prominent decliners, shares of Bouygues, Societe Generale Group, LafargeHolcim and Sanofi are down 1-2 percent.