French Stocks and Bonds Plunge After Macron's Shock Snap Elections Call

Jun 10, 2024, 10:20 AM

French stocks and bonds experienced a significant decline after President Emmanuel Macron dissolved the lower house of parliament and called for new legislative elections. This decision followed a substantial defeat for Macron's group in the European Parliament elections. The shock announcement led to a sell-off in the French market, with French banks particularly affected, sending stocks and bonds into a tailspin.