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CAC 40 Little Changed As EDF Cuts Profit Forecast

French shares were little changed on Monday as ongoing concerns over Brexit negotiations and U.S. tax reform plans kept investors nervous on a light day on the economic front.

The benchmark CAC 40 was virtually unchanged at 5,381 in late opening deals after losing half a percent on Friday.

Utility EDF plunged more than 7 percent after cutting its profit forecast for next year.

Insurer AXA slid half a percent after simplifying its operating model and appointing a management committee.

Aerospace supplier Safran was marginally lower after its CFM International joint venture signed a fifteen-year maintenance agreement with SilkAir.

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