(Reuters) – The main European scholarships are in the red at the start of the session after a rather solid week, while the political situation in France provokes new eddies, the composition of the new government of Sébastien Lecornu causing criticism among some of its members.
In Paris, the CAC 40 lost 0.64% to 8,029.68 points around 07:07 GMT. In Frankfurt, the Dax fell 0.03% and in London, the FTSE 100 yields 0.07%.
The Eurostoxx 50 index is down 0.13%, the FTSEURofirst 300 gives 0.04%and the STOXX 600 abandones 0.06%.
If European scholarships recorded a slight decrease during the first transactions on Monday, that of Paris suffers more, penalized by fears concerning the future of the new French government unveiled on Sunday and already very criticized for some of its members, in particular the Minister of the Interior renewed, Bruno Retailleau.
Whoever is also the leader of the Republicans (LR) said, less than two hours after being renewed in his post Sunday evening, that the composition of the government did not reflect the promised break.
The surprise appointment of Bruno Le Maire, former Minister of Economy and Finance, at the Ministry of the Armed Forces, seems to be in fact a subject of tension for LR, in the context of the current budgetary situation of France. Xavier Bertrand, President LR of Hauts-de-France said on Monday wanting the departure of his training in the Lecornu government.
Faced with the revival of political tensions, the yield of the OAT at ten years takes 5 base points at 3.5616%.
On the program of the day, investors will examine the felt index and retail sales of the euro zone, as well as the words of a certain number of officials of the European Central Bank (ECB), including its president Christine Lagarde, who must speak in the evening during the plenary session of the European Parliament in Strasbourg.
To values, French Banks Société Générale, BNP Paribas and Crédit Agricole fell between 4% and 2% at the opening after the announcement, Sunday evening, of the composition of the new French government.
Aston Martin fell 8.9% after issuing a warning on its annual results.
(Written by Diana Mandiá, edited by Kate Entringer)
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