DAX daily
Closing changes in Europe:
- Stoxx 600 +0.5%
- German DAX +0.8%
- France CAC +0.5%
- UK FTSE 100 +0.1%
- Spain IBEX +0.4%
- Italy's FTSE MIB +0.6%
Here is how Deutsche Bank tees up the recent declines in France.
The biggest story yesterday came from France, where there remain serious concerns about the budget situation and a potential government collapse. That led to further losses among French equities, and the CAC 40 was down -0.72% yesterday, underperforming the other European indices. Indeed, that keeps the CAC 40 on track for the worst performance of the big European indices, having fallen by -5.30% since the start of the year, which is well behind the STOXX 600 that’s seen a +5.42% gain. Banks were impacted in particular by the latest declines, with losses for Société Générale (-3.48%), Crédit Agricole (-1.34%) and BNP Paribas (-1.19%).