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French Prime Minister Resigns, Roiling European Bourses Midday
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French Prime Minister Resigns, Roiling European Bourses Midday
Oct 6, 2025 4:52 AM

07:37 AM EDT, 10/06/2025 (MT Newswires) -- European bourses tracked unevenly midday Monday after French Prime Minister Sebastien Lecornu submitted his resignation after only 27 days in office, sending a signal that Parisian political turmoil, largely related to national budget issues, will continue.

France's CAC 40 broad-equity index fell 1.3% by mid-session.

Tech and oil stocks led gainers on the continent, while bank and property shares lagged.

Investors also eyed Wall Street futures flashing green, and mixed closes overnight on Asian exchanges, although Tokyo's Nikkei 225 rose 4.8% to a new all-time high after Japan's ruling political party elected Sanae Takaichi, known as a fiscal expansionist, as its leader.

In economic news, the Eurozone Sentix Investor Confidence index rose to a negative 5.4 in October from negative 9.2 in September, reported market-research outfit Sentix GmbH.

The pan-continental Stoxx Europe 600 Index was steady mid-session.

The Stoxx Europe 600 Technology Index was up 0.6%, but the Stoxx 600 Banks Index lost 0.7%.

The Stoxx Europe 600 Oil and Gas Index was up 1.4%, but the Stoxx 600 Europe Food and Beverage Index fell 0.1%.

The REITE, a European REIT index, fell 1.3%, while the Stoxx Europe 600 Retail Index was up 0.2%.

On the national market indexes, Germany's DAX was up 0.2%, and the FTSE 100 in London rose 0.1%. Spain's IBEX 35 gained 0.1%.

Yields on benchmark 10-year German bonds were higher, near 2.72%.

Front-month North Sea Brent crude-oil futures were up 1.4% at $65.41 a barrel.

The Euro Stoxx 50 volatility index was up 14% to 18.34, but indicating below-average volatility for European stock markets in the next 30 days, a positive signal. A reading above 20 indicates choppier markets ahead, while below 20 suggests calmer exchanges.

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