Investors await further details on China39;s stimulus
Little reaction in French stocks after budget
Stellantis drops as CEO Tavares to retire

Oct 11 Reuters European stocks dipped on Friday as nervous investors awaited updates on China39;s stimulus plans, while French markets edged down after the government unveiled its 2025 budget aimed at tackling a spiralling fiscal deficit.

The continentwide STOXX 600 index was down 0.1, capping a volatile week that saw Shanghai markets drop on uncertainty around policy support, oil prices spike on Middle East tensions and U.S. data raise doubts about sustained cooling of inflation.

Britain39;s FTSE 100 dipped 0.2, while Germany39;s DAX and Spain39;s IBEX were down 0.1 each.

France39;s bluechip CAC 40 also dipped after the government delivered its 2025 budget with plans for 60 billion euros 65.5 billion worth of spending cuts and tax hikes on the wealthy and big companies.

Ratings agency Fitch is scheduled to update its view on France39;s debt later in the day.

We think Barnier will be successful in doing what he39;s doing but the numbers need fixing. Eventually our view is that this government in France will do what it takes to ease the concerns by the European Commission, said Andrea Cicione, head of research at TS Lombard.

Overall, there was a sense of caution as investors awaited China finance ministry39;s press conference on Saturday, with expectations of stimulus announcements running high.

European markets closed…