French Stocks Stand Out With 2024 Loss as Political Risk Weighs [Yahoo! Finance]
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Source: Yahoo! Finance
upheaval, ending 2024 with a loss while most European and US benchmarks notched double-digit gains. Most Read from Bloomberg Migrant Crisis Pushed US Homelessness to Record High in 2024 Detroit's Michigan Central Is the Building Revival Story of 2024 The CAC 40 index declined 2.2% this year, compared with gains of 19% for Germany's DAX, 15% for Spain's IBEX, and 13% for Italy's FTSE MIB. When President Emmanuel Macron called a snap parliamentary election in June in an attempt to rebound from a harsh defeat in the European elections, he set up a chain of events which led to budget deadlock, a sovereign rating cut and a steep discount on French stocks and bonds. The political turmoil drove the yield spread between French government bonds and their German counterparts to the widest since 2012 and hit financial stocks and others focused on the domestic economy. The CAC 40 was also challenged by its heavyweight luxury stocks as Chinese shoppers scaled down spending on high-en
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- French Stocks Stand Out With 2024 Loss as Political Risk Weighs [Yahoo! Finance Canada]Yahoo! Finance Canada
- Inside luxury goods' broken audit system [Yahoo! Finance]Yahoo! Finance
- Inside luxury goods' broken audit system [Yahoo! Finance Canada]Yahoo! Finance Canada
- The people we think shaped European business in 2024 [Yahoo! Finance Canada]Yahoo! Finance Canada
- This chart shows what a bad year 2024 was for luxury [Business Insider]Business Insider