French stocks face worse to come from political risk, Goldman strategists say
Publishing timestamp: 2024-06-18 01:15:19
Summary
French stocks, particularly on the CAC 40 index, are expected to face further beating due to political risk in the upcoming weeks. The recent sell-off was triggered by the surprise declaration of a snap election and the potential victory of the far-right National Rally. Goldman Sachs strategists advise looking into defensive sectors like healthcare amid the elevated political uncertainty. The perception of political risk in Europe contributes to the region's valuation gap with the U.S.
Sentiment: NEGATIVE
Tickers: RCO-FR, MC-FR, OR-FR, CA-FR, ENGI-FR, DG-FR,
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