Politics drives markets: euro and Paris stock market slide amid French political crisis; Japanese stocks surge after Takaichi’s victory– business live
by Graeme Wearden from on (#70HTZ)
Rolling coverage of the latest economic and financial news, as France's prime minister resigns unexpectedly
French bank stocks are falling sharply, as Sebastien Lecornu's resignation pushes the eurozone's second-largest economy deeper into crisis.
BNP Paribas are down 5.2%. Societe Generale has tumbled by 6.6% and Credit Agricole has lost 5.1% following the resignation of PM Lecornu, which Reuters says comes in the face of mounting pressure from leftist lawmakers over his budget plans".
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