French Bank Stocks Drop After Snap Election Called

-- French stocks fell on Monday after President Emmanuel Macron dissolved the country’s lower house of parliament and called new legislative elections following a drubbing for his group in European voting Sunday. BNP Paribas and Societe Generale tumbled more than 5%.The move weighed on broader markets, with the Stoxx 600 Index 0.7% lower as of at 9:10 a.m. in Paris, with most of the sectors in negative territory. The CAC 40 Index fell as much as 2.4% in early trading, the most in almost a year.

“Already this morning one can see the euro trading lower, but I expect the spread between France’s sovereign debt and Germany to grow further,” added Juvyns.Is There Room for Common Ground on Congestion Pricing? -- Prime Minister Justin Trudeau’s government will call for a vote this week on a planned hike in the capital-gains tax inclusion rate, a measure that would raise billions in additional government revenue and has attracted the ire of Canada’s business community.

A new war video released by Ukraine appears to show a US-supplied M2 Bradley attacking a Russian personnel carrier at close range in Donetsk.“Fear factor”: Trump World Tower fights off name change

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

European Stocks Advance After Weekly Drop as Focus Turns to ECBEuropean stocks gained on Monday, rebounding from a second straight weekly decline, as investor attention turned to a pivotal European Central Bank meeting this week.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Asian Stocks to Trend Lower After Treasuries Drop: Markets Wrap(Bloomberg) -- Stocks in Asia were mostly set to decline after a US session dominated by a sell-off in bonds, with traders also weighing mixed economic data ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Asian Stocks to Trend Lower After Treasuries Drop: Markets WrapStocks in Asia were mostly set to decline after a US session dominated by a sell-off in bonds, with traders also weighing mixed economic data and remarks from Federal Reserve speakers for clues on the policy outlook.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Asian Stocks to Drop as Traders Rethink Rate Cuts: Markets Wrap(Bloomberg) -- Stocks in Asia are mostly headed for early declines after traders reassessed the path forward for interest rates, tempering the optimism...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Asian Stocks to Drop as Traders Rethink Rate Cuts: Markets WrapStocks in Asia are mostly headed for early declines after traders reassessed the path forward for interest rates, tempering the optimism linked to Wednesday’s US inflation reading.
Source: BNNBloomberg - 🏆 83. / 50 Read more »