The Paris stock exchange is currently facing challenges, as it has been deemed the worst in Europe. This is primarily due to the outcome of the recent European elections, which caused a political earthquake in France. Following the victory of Marine Le Pen’s far-right party, President Emmanuel Macron made the decision to dissolve the National Assembly and call for an early election.
The Rassemblement National list led by Jordan Bardella came out on top in the polls with around 32% of the votes, while Macron’s Renaissance party only secured about 14.5%. The uncertainty in the political landscape has had a significant impact on the stock market in Paris, with many investors closely monitoring the situation and adjusting their strategies accordingly.
As a result of this political turmoil, companies that have contracts with the government also saw a decrease in their stocks. Eiffage experienced a 5.76% drop to 93.90 euros, Vinci fell by 3.88% to 106.45 euros, and ADP, which manages Parisian airports, also saw a decline of 4.29% to 122.60 euros.
The banking sector was hit hardest by this atmosphere of unpredictability, with Sociéte Générale falling by 5.19% to 24.66 euros, BNP Paribas by 4.82% to 63.12 euros, and Crédit Agricole by 3.69% to 14
