Reported 7 months ago
French markets experienced their worst week in years following French President Emmanuel Macron's announcement of snap elections, sparking concerns about the country's finances and the euro crisis. The selloff wiped about $200 billion off the value of French stocks, with government bonds and equities plummeting. Investors are wary of potential outcomes, such as a far-right or leftwing government, which could impact France's budget deficit and its relationships within the EU. The euro also dropped against the dollar, reflecting the uncertainty in the market.
Source: YAHOO