Particle.news

Download on the App Store

Paris Stocks Slide Again After Bayrou Sets Sept. 8 Confidence Vote

Rising borrowing costs signal mounting concern over France’s debt outlook ahead of a Fitch review.

Overview

  • The CAC 40 fell 1.70% to 7,709.81 on Tuesday after a 1.59% drop Monday, leaving the index down about 3.3% across two sessions.
  • Financials led the losses, with Société Générale down 6.84%, Crédit Agricole 5.44%, BNP Paribas 4.23% and insurer Axa 4.03% at the close.
  • France’s 10‑year yield hovered near 3.50% and the spread to German Bunds widened to roughly 0.77 percentage point, with borrowing costs approaching Italy near 3.55%.
  • Prime Minister François Bayrou will seek a confidence vote on Sept. 8 in an extraordinary parliamentary session requested from President Emmanuel Macron after a nearly €44 billion savings plan was rejected.
  • Analysts caution the government faces a likely defeat and warn of sovereign‑risk pressures, with protest actions signaled for Sept. 10 and Fitch’s rating decision due Sept. 12.