Market Overview - European stock markets opened lower, with the German DAX index down 0.54%, the UK FTSE 100 down 0.5%, and the French CAC 40 down 1.31% [1] - The decline in the CAC 40 index further expanded, with futures dropping over 2% at one point [1] - Notable individual stock movements included a 4.7% drop in BNP Paribas and a 6.3% decline in Deutsche Bank [1] Political Factors - The primary reason for the market downturn appears to be political instability in France, as three major opposition parties announced they would not support Prime Minister Francois Bayrou's trust vote on the budget plan scheduled for September 8 [1][4] - The French government is facing significant challenges, with the left-wing coalition planning large-scale protests and a no-confidence vote against the government [4] Bond Market Reaction - The European bond market also showed signs of volatility, with the yield on French 10-year government bonds rising by 9.3 basis points to 3.511%, nearing the March high of 3.631% [2] - Other notable movements included a 4.0 basis point increase in the two-year French bond yield and an 8.5 basis point rise in the 30-year yield, which reached 4.393% [2] Global Market Impact - U.S. stock index futures also weakened, with the US2000 index down 0.43%, indicating a broader market sentiment shift [3] - The Hong Kong market experienced a significant drop, with the Hang Seng Index declining by over 1% [3] - The commodity markets saw declines as well, with COMEX copper down nearly 1%, Brent crude oil down 0.7%, and zinc down 0.8% [3] U.S. Political Influence - The market sentiment may have also been affected by U.S. political developments, particularly President Trump's dismissal of Federal Reserve Board member Lisa Cook over mortgage fraud allegations [5] - This news contributed to a sell-off in U.S. stocks, which in turn influenced European market opening sentiments [5]
“黑天鹅”突袭!刚刚,大跳水!
Zheng Quan Shi Bao Wang·2025-08-26 08:17