Gate.io, 17 June - Jefferies Group stated in its report that the pullback of French bank stocks seems to be exaggerated. Jefferies compared the reaction of French bank stocks after Macron unexpectedly announced early elections with the reaction of Italian bank stocks during the 2022 general elections. Analysts said that at that time, Italian bank stocks dropped an average of 6% in the first five days, while French bank stocks dropped 13%. Analysts stated, 'We attribute this performance to the market's belief that Macron's actions are very risky, as there is a possibility of a major reshuffle in the political landscape, especially under concerns of fiscal expansion.' The analysts also mentioned that the strong historical position of right-wing opposition leader Le Pen towards the EU is another possible reason.
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Jefferies: French bank stocks seem to be experiencing a too sharp decline driven by political factors.
Gate.io, 17 June - Jefferies Group stated in its report that the pullback of French bank stocks seems to be exaggerated. Jefferies compared the reaction of French bank stocks after Macron unexpectedly announced early elections with the reaction of Italian bank stocks during the 2022 general elections. Analysts said that at that time, Italian bank stocks dropped an average of 6% in the first five days, while French bank stocks dropped 13%. Analysts stated, 'We attribute this performance to the market's belief that Macron's actions are very risky, as there is a possibility of a major reshuffle in the political landscape, especially under concerns of fiscal expansion.' The analysts also mentioned that the strong historical position of right-wing opposition leader Le Pen towards the EU is another possible reason.