2024-06-16 20:43:16
The CAC 40 index, which incorporates the 40 largest corporations traded on the Euronext Paris trade, fell 2.37% on the opening of buying and selling on Monday, June 10, to 7,812.52 factors. As of 15:19 Baku time, the index decreased by 1.6% to 7870.52 factors.
As Day.Az studies on Monday, the CAC 40 index fell attributable to a pointy fall within the securities of enormous French banks BNP Paribas, Societe Generale and Credit score Agricole, which at their minimal misplaced 4-7.5%. French authorities bond costs additionally fell. The yield on France’s 10-year authorities bonds neared its highest degree this yr at round 3.19%.
The composite index of European shares STOXX 600 at its minimal fell by 0.88% to 518.94 factors. As of 15:19 Baku time, the index misplaced 0.52% and was buying and selling at 520.9 factors.
Gross sales in shares of French corporations started after on Sunday, June 9, French President Emmanuel Macron introduced the dissolution of the Nationwide Meeting (the decrease home of the French parliament) and referred to as early elections of deputies. The French chief took this step after the preliminary outcomes have been introduced within the European Parliament, during which his coalition misplaced to the far proper, writes Reuters.
Because of the information, the euro fell 0.4% to its lowest degree in a month, Bloomberg writes.
Commerzbank head of overseas trade market analysis Ulrich Leuchtmann stated the euro suffers when questions come up about whether or not a politically created transnational foreign money can survive in the long run if political circumstances change. “Nonetheless, the danger that the state of affairs will change elevated yesterday. Solely barely, however to a noticeable extent,” stated the Commerzbank professional.
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