financetom
World
financetom
/
World
/
French Prime Minister Resigns, Roiling European Bourses Midday
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
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.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Morning Bid: Government shutdown and tariff fears jar year-end markets
Morning Bid: Government shutdown and tariff fears jar year-end markets
Dec 20, 2024
A look at the day ahead in U.S. and global markets from Mike Dolan U.S. government shutdown fears and fresh trade war threats cast another cloud over Wall Street as a bruising final full trading week of the year comes to a close and dampens what had been a stellar year for U.S. stocks. Already sideswiped by what was seen...
Asian Markets Fall as Investors Brace for Novermber Data on US Personal Spending
Asian Markets Fall as Investors Brace for Novermber Data on US Personal Spending
Dec 20, 2024
05:57 AM EST, 12/20/2024 (MT Newswires) -- Asian markets declined at the end of Friday's session as investors await US personal spending data for November, to be released later the same day. Tokyo, Hong Kong and Shanghai closed in the red, along with most exchanges in the region. In Japan, the Nikkei 225 lost 0.3%, or 111.68 basis points, to...
MORNING BID AMERICAS-Government shutdown and tariff fears jar year-end markets
MORNING BID AMERICAS-Government shutdown and tariff fears jar year-end markets
Dec 20, 2024
A look at the day ahead in U.S. and global markets from Mike Dolan U.S. government shutdown fears and fresh trade war threats cast another cloud over Wall Street as a bruising final full trading week of the year comes to a close and dampens what had been a stellar year for U.S. stocks. Already sideswiped by what was seen...
European Bourses Join Global Markets' Decline Ahead of Fed's Preferred Inflation Gauge
European Bourses Join Global Markets' Decline Ahead of Fed's Preferred Inflation Gauge
Dec 20, 2024
06:41 AM EST, 12/20/2024 (MT Newswires) -- European markets were down midday Friday, joining other bourses globally as they brace for the Fed's preferred inflation gauge. November data on Personal Income and Outlays in the US will be released at 8:30 am ET. In other regional news, Britain's retail sales edged up 0.2% month over month in November, reversing the...
Copyright 2023-2025 - www.financetom.com All Rights Reserved