European Stocks Decline Amid French Political Uncertainty and Fed Worries

European Market Decline: European shares fell on Tuesday, primarily driven by a 1.4% drop in France's CAC 40 index amid rising political uncertainty and concerns over the U.S. Federal Reserve's independence.

Political Instability in France: The French government's minority status is under threat as three opposition parties refuse to support a confidence vote related to proposed budget cuts, leading to significant losses for French banks.

U.S. Federal Reserve Controversy: President Trump fired Federal Reserve Governor Lisa Cook, raising alarms about the central bank's independence, which contributed to a sell-off of U.S. assets.

Corporate News: British American Tobacco's stock dropped 1.8% following the immediate resignation of its finance chief, Soraya Benchikh, after a brief tenure.