The French stock market is on track to register its worst weekly performance since late February 2022.
Following the announcement of snap elections last Sunday, the Paris CAC 40 index — as tracked by the iShares MSCI France Index Fund (NYSE:EWQ) — fell by 2.4% at 8:10 a.m. ET, heading into the final hours of the European session.
On a weekly basis, the decline extends to 6%, marking the worst performance since late February 2022, when Russia’s invasion of Ukraine triggered a drop of over 10% for the CAC 40.
Chart: France Equities Tumble The Most Since Russian Invasion Of Ukraine
Risks Of Broader Contagion
The main declines this week are among banking stocks, hit by the wave of sell-offs due to political uncertainties. France’s ...Full story available on Benzinga.com
Related tickers: EWQ, EZU, EUFN.
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