It's An Ugly Day For France

France continues to stage one of the less impressive recoveries in Europe.

Today's been not so good.

A few quick bullets:

• S&P downgraded the country to AA from AA+. The ratings agency cited the weak economy and the need for more reforms.
• French industrial production fell 0.9% year-over-year in September.
• France's September trade deficit of $7.8 billion was wider than expected.
• The country's stock market is off 0.77%, making it one of Europe's prime laggards.