Europe's main stock indices opened lower on Monday, with France's CAC 40 losing more than 1% due to political unrest in the country, while Stellantis fell following the abrupt resignation of the automaker's CEO.
The pan-European STOXX 600 index was down 0.3% at 0810 GMT.
Shares of Stellantis listed in Paris and Milan fell about 7% each after the resignation of CEO Carlos Tavares, contributing to a nearly 2% drop in the auto index.
France's far-right National Rally (RN) will likely support a no-confidence motion against the government in the coming days, barring a “last-minute miracle”, after RN lawmaker Marine Le Pen gave the prime minister Michel Barnier until Monday to give in to the party's budgetary demands.
Additionally, the country's main stock index was dragged down by lenders, with Crédit Agricole, Société Générale SA and BNP Paribas down around 2% each.
French borrowing costs exceeded those of Greece for the first time, while the euro collapsed against the dollar.
Chip stocks dragged the technology index lower as the United States prepared to launch its third crackdown in three years against China's semiconductor industry.
Among individual stocks, Delivery Hero lost 7%, as German company Glovo's freelance delivery workers in Spain will be hired as employees.
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