“France’s CAC 40 is lagging behind Germany’s stock index by the most in three decades, and political turmoil in Paris points to further declines.”, — write: epravda.com.ua
France’s CAC 40 is lagging behind Germany’s stock index by the most in three decades, and political upheaval in Paris points to further declines, according to Bloomberg. The CAC has fallen 3.1% this year, while a version of Germany’s DAX that excludes dividends, increased by 16%. The fall in France’s index was the biggest one-year drop since 1993.Prime Minister Michel Barnier faces a no-confidence vote that looks set to be passed.Advertisement:France’s divided parliament has failed to tackle the country’s widening budget deficit, raising concerns that investors may shun countries. Let’s remind: Advertising: French sovereign bonds and shares fell in on Wednesday, as fears grew among investors that a row over a tight budget draft could lead to the fall of Prime Minister Michel Barnier’s government. The announcement of early parliamentary elections in France hit the country’s stock market, which lost its status as Europe’s largest less than two years after taking the title in Britain.
