The Paris stock exchange opened lower, affected by political uncertainties related to Prime Minister Francois Bayrou's austerity plan.
Lara Maior
Economy
cunaplus/ Shutterstock.com
Always see our news on Google
The Paris stock exchange opened Tuesday's session with a significant decline, the CAC 40 index recording a drop of 1.91%. The shares of banks, such as BNP Paribas and Societe Generale, were affected by the political uncertainty generated by the confidence vote that Prime Minister Francois Bayrou will request in front of parliament for his budget austerity plan. If he does not obtain the vote, the government could resign, causing a new political crisis. France is facing a budget deficit of 5.4% of GDP and needs austerity measures to reduce it.
Sources
Latest News
09:03
CIA Director, John Ratcliffe, went to Moscow to deter Russia from attacking NATO (press)
09:01
US Open 2026! Karolina Muchova and Jakub Mensik have won the title in the mixed doubles event.
08:57
A small aircraft crashed in Alaska, causing the death of the four people on board.
08:47
ANM forecast for the next four weeks: Higher temperatures in the west and southwest, rain in the mountains and deficient precipitation in the west
08:36
Traian Băsescu on the non-adoption of the salary law: "We also have the demonstration that, when it comes to stealing, politicians stand in solidarity with the citizens. The salary law is a reflection of this."
See more news
NEWS ON THE SAME TOPICS
.webp)
International
France risks not reaching the budget deficit target of 5% of GDP by 2026, after lowering the economic growth forecast.
International
The International Monetary Fund warns that France's public debt could reach 122% of GDP without additional fiscal measures.
International
The US stock markets have recorded major depreciations, especially in the technology sector.
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
