India, March 3 -- French stocks are down sharply on Tuesday, extending previous session's steep losses, as rising tensions in the Middle East continue to push investors away from riskier assets such as equities.
Rising concerns about inflation, and U.S. President Donald Trump's comments that the conflict could last about four to five weeks, and that the U.S. has the "capability to go far longer than that", significantly weigh on sentiment.
A prolonged conflict in the Middle East and a persistent fall in oil and gas supplies from the region could cause a "substantial spike" in inflation and a "sharp drop in output" in the euro zone, ECB chief economist Philip Lane has warned in an interview with the Financial Times.
France's benchmark CAC...