Published: 10:55, December 2, 2024 | Updated: 17:58, December 2, 2024
European stocks, euro slide amid French political uncertainty
By Reuters

LONDON - The euro fell on Monday as a threat from France's far right to collapse its government kept European markets under pressure, while tech stocks lifted global shares and the dollar firmed in a key week for the US interest rate outlook.

The US currency got an additional boost from US President-elect Donald Trump at the weekend, who warned BRICS emerging nations against trying to replace the greenback with any other currency

The euro headed for its biggest one-day drop in a month, while French stocks fell sharply, pushing the Paris CAC 40 down by 1 percent on the day.

The country's bonds did not come under fire, although they did lag the rest of the fixed income market, meaning that the premium that France must pay to borrow from the international markets rose.