French Stocks Plunge 2% After Macron Calls Snap Elections

Jun 10, 2024, 10:34 AM

On June 10, 2024, French stocks and bonds have fallen sharply following President Emmanuel Macron's unexpected call for snap parliamentary elections. The announcement has sent French markets into a tailspin, with the CAC 40 index slipping by 2%. The move has raised concerns about potential political turmoil in France, leading to a broader slide in European stocks. French banks have also been significantly affected by the news.