As political turmoil and weekend riots prompted investors to withdraw from the French stock market, the valuation discount of the French CAC 40 index compared to the German stock market expanded to the biggest in nearly 20 years. The French stock market's benchmark performance on Monday was lower than that of other regions. Currently, the valuation discount compared to the German DAX index is over 13%, the biggest since the beginning of 2009; the impact of the global financial crisis at that time caused the stock market to be hit hard. The latest round of sell-off in the French stock market occurred after street violence over the weekend, further weakening investor confidence. Prior to that, rising French debt and uncertainty about the prospects for next year's presidential election had already worried investors.
Zhitongcaijing · 1d ago
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As political turmoil and weekend riots prompted investors to withdraw from the French stock market, the valuation discount of the French CAC 40 index compared to the German stock market expanded to the biggest in nearly 20 years. The French stock market's benchmark performance on Monday was lower than that of other regions. Currently, the valuation discount compared to the German DAX index is over 13%, the biggest since the beginning of 2009; the impact of the global financial crisis at that time caused the stock market to be hit hard. The latest round of sell-off in the French stock market occurred after street violence over the weekend, further weakening investor confidence. Prior to that, rising French debt and uncertainty about the prospects for next year's presidential election had already worried investors.
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