July 18, 2024

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Goldman says French stocks face worse political risks

Goldman says French stocks face worse political risks

French stocks are likely to take further hits from political risks in the coming weeks and months, but the impact will be concentrated in certain regions, according to strategists at Goldman Sachs.

Blue chip stocks on the CAC 40 index in Paris last week posted their worst performance since March 2022, falling more than 6% as the nation was rocked by the surprise announcement of early elections.