Group 1 - The core factor triggering the current market turmoil is the trust vote plan announced by French Prime Minister François Bérou. If the motion is not passed by September 8, it may lead to the collapse of the government [4] - The French CAC 40 index fell by 1.9%, leading declines among major European indices, while the pan-European Stoxx 600 index dropped by 0.8% [1][4] - The yield on French 10-year government bonds rose by 9 basis points to 3.51%, reflecting market concerns over the intertwining of economic difficulties and political crises in France [4] Group 2 - Japanese investors find French bonds attractive due to yields significantly higher than domestic markets, with French 10-year bond yields exceeding Japanese yields by nearly 200 basis points [7] - France is the third-largest offshore bond market for Japanese investors, following the US and the Cayman Islands [7] - There are differing opinions in the market, with some analysts warning that political uncertainty may lead Japanese investors to adjust their positions in French bonds [7][8] Group 3 - The political instability in France is becoming a burden on the economy, with warnings that the budget situation is being underestimated by the market [7] - European stock markets are constrained by geopolitical risks and slowing economic growth, making it difficult to surpass historical highs from March [7]
信任投票引发市场巨震 法国股债遭抛售、法德国债利差创四月新高
智通财经网·2025-08-26 08:26