Reported over 1 year ago
French markets experienced a significant selloff as traders sold assets ahead of the upcoming elections, causing turmoil in the market. The yield on 10-year government notes rose to the highest since November, while the CAC 40 stock index plummeted to its lowest since January. President Macron's decision to call for a snap poll has led to a sharp repricing, impacting billions of euros in investments. Traders are bracing for potential losses as uncertainty looms, with concerns about the fiscal future of France and the stability of the eurozone. The possibility of a 'Frexit' has garnered attention, adding to market jitters and spilling over to other European countries like Italy.
Source: YAHOO