Under the burden of concern for the political developments in France on Friday (14.06.2024) the signs of the Europeans stock markets fell, ending a quick week.
European stock indexes fell, leading the pan-European Stoxx 600 index down 0.95%, with major indexes falling deep into the red.
French shares fell 2.7% as investors remained wary of the prospect of a victory for the populist far-right National Alarm party after President Emmanuel Macron’s surprise decision to call a local that general election.
Yields on the country’s short-term bonds, which are inversely related to the movement of prices, fell by seven basis points.
Parts of the auto industry have meanwhile been shaken by the EU’s announcement of planned higher tariffs on Chinese electric vehicle makers and a UK investigation into emissions claims.
On the European stock chart, the pan-European Stoxx 600 fell 0.96% while the Eurostoxx 50 lost 1.96%, Germany’s DAX in Frankfurt fell 1.42%, London’s FTSE 100 lost 0.16%, while the French CAC 40 of the Paris stock exchange, which is also in the center of attention, fell by 2.66%. In the Eurozone region, the Spanish IBEX 35 lost 0.70% while the Italian FTSE MIB in Milan closed up 2.83%.
In GREECE, the general index of the Athens Stock Exchange closed with losses of 2.19%.
On Friday, attention also turned to Asia, where the Bank of Japan kept its benchmark interest rate steady but hinted it might consider tapering its purchases of Japanese government bonds.
The article European stock markets: Markets close in the red – French index falls 2.7% published by NewsIT .