French unrest compounds debt crisis fears. Paris-listed stocks, bonds and the euro fall

Impact · against what's priced in

The widening OAT-Bund spread and surge in French bond yields create a new negative catalyst for French-exposed assets by increasing the cost of capital and the risk of corporate tax hikes. While political instability was already a backdrop, the current scale of social unrest and the breach of multi-decade yield levels represent a deterioration in governability not yet fully reflected in equity multiples.

Scored by the NIS engine · methodology.

• budget deficit
• cac 40
• euro