France's CAC 40 index plunged 2% on Tuesday as analysts assessed the potential for a fresh period of political instability.
France’s minority government on Tuesday faced the prospect of collapse within weeks, after opposition parties said they would not back Prime Minister Francois Bayrou in a Sept. 8 confidence vote tied to his budget cut plans.
The Paris CAC 40
index was 2% lower in early deals on Tuesday. French medium to long-term borrowing costs ticked higher, with the country’s 10-year bond yield
up 2 basis points and its 30-year yield
up 4 basis points.
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