French stocks take beating, risk premium rises under specter of possible far-right victory
Publishing timestamp: 2024-06-14 11:53:29
Summary
France's blue-chip index is facing its worst week in over two years as investors worry about a potential far-right victory in the upcoming parliamentary elections. The National Rally party's strong showing in the European Parliament elections has spooked markets, with concerns about interventionist economic policies and tax cuts. Banking stocks have been hit hard, and there are fears of a financial crisis if the far-right party gains significant control over economic policy.
Sentiment: NEGATIVE
Tickers: GLE-FR, BNP-FR, .FCHI,
Keywords: business news, politics, cac 40 index, breaking news: markets, markets, societe generale sa, breaking news: politics, bnp paribas sa,