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FX.co ★ CAC 40 Dips As Investors Weigh Political Risk

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typeContent_19130:::2024-06-19T10:01:00

CAC 40 Dips As Investors Weigh Political Risk

French stocks experienced a slight decline on Wednesday, as investors kept a close eye on the latest political developments within the country.

Despite ongoing concerns regarding France's debt trajectory and fiscal situation, the risk premium on French bonds remained stable.

National Rally leader Jordan Bardella made it clear that he would not assume the role of prime minister unless his party achieves a decisive victory in France's snap election.

Current polls suggest that Marine Le Pen's party is poised to become the largest faction in the National Assembly. However, projections indicate that the party will likely fall short of securing an outright majority.

The CAC 40 index, the benchmark for French stocks, dropped by 33 points, or 0.4%, to 7,596, after having risen by 0.8% in the previous session.

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