The Zhitong Finance App learned that French political risk is being transformed from a tail-end disturbance overlooked by the market into a real risk premium for European assets. After Macron held early parliamentary elections, the suspended parliament, the rise of the extreme right, government changes, and budget impasse continued. France's public debt ratio had risen to more than 116% of GDP, fiscal deficit of more than 5%, and the 10-year French treasury bond yield once exceeded 4.13%. This uncertainty in France's domestic politics recently hit the country's bank stocks once again. The stock prices of BNP Paribas and Crédit Agricole both fell by 4.4%, and Société Générale once fell by 4%, and drove the Stoke Europe 600 Index lower.

The Zhitong Finance App learned that French political risk is being transformed from a tail-end disturbance overlooked by the market into a real risk premium for European assets. After Macron held early parliamentary elections, the suspended parliament, the rise of the extreme right, government changes, and budget impasse continued. France's public debt ratio had risen to more than 116% of GDP, fiscal deficit of more than 5%, and the 10-year French treasury bond yield once exceeded 4.13%. This uncertainty in France's domestic politics recently hit the country's bank stocks once again. The stock prices of BNP Paribas and Crédit Agricole both fell by 4.4%, and Société Générale once fell by 4%, and drove the Stoke Europe 600 Index lower.