France's financial markets are experiencing significant turmoil following President Emmanuel Macron's announcement of snap elections. The prospect of a far-right victory, particularly by Marine Le Pen, has spooked investors, leading to a massive sell-off in French stocks and bonds. The French stock market is on track for its worst week since 2022, with a 2.7% drop and a $210 billion wipeout. The yield spreads between French and German government bonds have surged to their highest level in 17 years. Finance Minister Bruno Le Maire has warned that the current political crisis could lead to a financial crisis, similar to the recent turmoil in the UK's gilt market. European stocks have also declined, with investors fleeing to safer assets like German bonds. French bank stocks tumbled as political uncertainty unleashed the biggest weekly jump in the premium investors demand to hold French government debt since 2011.
French Stocks See $210 Billion Wipeout From Macron’s Vote Call https://t.co/avJzcFV6aU
French stocks are plummeting as investors see a chance for a far-right victory in the country's upcoming snap election. https://t.co/V7ZtbIf56F
WATCH: French banks were hit hard as political uncertainty unleashed another brutal market sell-off on Friday https://t.co/DEutLJKH8z https://t.co/cTqPaF7MfT
Yep: France’s stock market heads for its biggest weekly fall in more than 2 years, amid fears that country’s far-right party could win elections. French bonds were also hammered this week, as analysts warned of the risk of a Liz Truss-style market panic. https://t.co/DfadRF9U9A
#French Stocks Set For Worst Week Since Russia's War In Ukraine, Yields Versus Bund Hit 12-Year Highs On Snap Election Jitters French stock market faces worst weekly performance since February 2022 due to snap election uncertainties.
Jitters in France intensified as growing political turmoil continued to weigh on market sentiment https://t.co/VZFRW4dbpI
🔵 HOW MACRON'S ELECTION GAMBLE SOWED PANIC IN FRENCH MARKETS French stocks and the euro have tumbled this week as political uncertainty in France and the possibility of a far-right-dominated parliament spook investors, while the gap between French and German government… https://t.co/4TatYiDphc
European stocks decline amid French political unrest https://t.co/Mjty8MxJy4 https://t.co/XbOzil2j1A
FRENCH MARKETS PLUMMET 2.7% ON LE PEN FEARS *
French stock market plummets amid fears of far right election win https://t.co/8UEHXEj3oD
French Stocks Set For Worst Week Since Russia's War In Ukraine, Yields Versus Bund Hit 12-Year Highs On Snap Election Jitters French stock market faces worst weekly performance since February 2022 due to snap election uncertainties. Major banking stocks plummet: BNP Paribas… https://t.co/aGZ4ktjJJh
French stocks take beating, risk premium rises under specter of possible far-right victory https://t.co/ugyI8SLYSR
French markets endured another brutal sell-off on Friday, as political uncertainty unleashed the biggest weekly jump in the premium investors demand to hold French government debt since 2011 and bank stocks tumbled https://t.co/CZNY2hBIdj https://t.co/T3IYFTZSVP
WATCH: French markets endured another brutal sell-off on Friday, as political uncertainty unleashed the biggest weekly jump in the premium investors demand to hold French government debt since 2011 and bank stocks tumbled https://t.co/DEutLJKH8z https://t.co/Py1LsKfHzW
Investors Continue to Punish French Assets in Run-Up to Snap Elections https://t.co/N40ZC5JXY2
Macron election call sends French markets to worst week in years https://t.co/bjiVFHnTq9 via @alicegledhill1 @sagarikareports https://t.co/MJTWiBjWKV
BREAKING: France's stock-market set for worst week since 2022
French finance minister warns of financial crisis if far right wins election https://t.co/6PshpOTVy2 https://t.co/S9EMthRchT
BREAKING: Paris stock exchange sinks amid political turmoil https://t.co/YSTJqFBcux
Bloomberg and Financial Times: French stock market ends worst week since 2022 after Macron announces snap elections and fears of rise of far-right forces https://t.co/J8NANGkAzZ
$EWQ - French stocks head for worst week since 2022 over fears of far-right election win via @FT https://t.co/xAfWoDcYPn
French markets are headed for their worst week in years after Emmanuel Macron called a snap election https://t.co/2RFFMl2TRN
Breaking news: French stocks are heading for their worst week since September 2022 as the prospect of a far-right government spooks Europe's financial markets https://t.co/v5NZ5gMTgU https://t.co/XDP67XzyBR
Investors flee French stocks, shift toward German bonds on election nervousness https://t.co/7YjhfSMy66
🔵 FRENCH FINANCE MINISTER WARNS OF FINANCIAL CRISIS AS YIELDS SURGE ON SNAP ELECTIONS French Finance Minister Bruno Le Maire on Friday warned the euro zone's second-biggest economy faces the risk of a financial crisis since it was thrown into turmoil by President Emmanuel… https://t.co/OvcN6ox6iw
FRANCE'S FINANCE MIN. LE MAIRE: YIELD SPREADS BETWEEN FRANCE AND GERMANY ARE AT THEIR HIGHEST LEVEL IN 17 YEARS.
FRANCE'S FINANCE MIN. LE MAIRE, WHEN ASKED IF THE CURRENT POLITICAL CRISIS COULD LEAD TO A FINANCIAL CRISIS: YES.
European Stocks Sink by Most Since April on French Election Risk https://t.co/NAbDgYRZlT
European stocks plunge on far-right election fallout https://t.co/DVmBjlhacN
Why France’s far right is spooking markets https://t.co/B6pS5q6RWQ
French bond market suggests traders are betting on further declines as they face the risk that far-right leader Marine Le Pen wins upcoming national elections https://t.co/UIDAnxEyFQ
BREAKING NEWS FRANCE’S FINANCE MINISTER IS WARNING THAT THE COUNTRY COULD FACE A DEBT CRISIS SIMILAR TO THE RECENT TURMOIL IN THE UK'S GILT MARKET IF THE FAR-RIGHT WINS SNAP ELECTIONS "Debt crisis." Get used to hearing that.