Protests in France hit European markets: bank and defense stocks fell
Mass protests in France triggered a sell-off on European exchanges: the CAC 40 lost 1.56%, the DAX 40 fell 1.36%, and the FTSE MIB 30 dropped 1.77%. Shares of BNP Paribas, Societe Generale and Credit Agricole fell 2–2.5%, AXA fell almost 2%. The euro declined against the dollar, government bonds came under pressure, and the France–Germany yield spread stood at around 140 basis points.
Nilufar Karimova