French stocks were little changed in cautious trade on Friday after the 10-year Treasury yield briefly topped 1.6 percent, reviving demand for the greenback and stoking inflation concerns.
U.S. 10-year Treasury yields crept back above 1.6 percent and were on track for a seventh straight weekly gain.
The benchmark CAC 40 was marginally lower at 6,029 after rising 0.7 percent in the previous session.
Drug major Sanofi slid half a percent after announcing the launch of human trials of its second Covid-19 vaccine.
EssilorLuxottica rose over 1 percent. The ophthalmic company reported a rise in second-half net profit and said it is starting 2021 with confidence in its ability to outperform the eyecare and eyewear industry.
Automaker Renault shed half a percent after selling its entire 1.54 percent stake in German rival Daimler.
Market Analysis
CAC 40 Subdued As Yields Surge
2021-03-12 09:08:07
