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CAC 40 Drops 1.8% after French PM Lecornu Resigns
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Sebastien Lecornu, the newly appointed French Prime Minister who took office last month, has announced his resignation. This follows the appointment of a new cabinet list by French President Emmanuel Macron, which saw little change in cabinet members, sparking strong opposition from rival parties and their supporters. Socialist Party leader Olivier Faure stated that he will oppose the new cabinet appointments, arguing that Macron's leadership is disintegrating and the new government has lost legitimacy. Today (6th), the French CAC 40 Index sank as much as 1.8% in the early trading session, while the Stoxx 600 Index also dropped 0.4%. AASTOCKS Financial News Website: www.aastocks.com |
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