Editions:  Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland

French stock market plummets

Share this article

17:29 CEST+02:00

French stocks nosedived on Thursday in line with exchanges across Europe amid fears of a new global recession.

Bank stocks plunged in afternoon trade, with Societe General down more than 12 percent on reports of US Federal Reserves concerns about the health of European banks.

"A brutal day so far for equity markets with financials under pressure, not helped by the Sarkozy-Merkel proposals for a financials transaction tax but also by worries that a key eurozone bank is in trouble," VTB Capital economist Neil MacKinnon told news agency AFP.

Get notified about breaking news on The Local

Share this article

The Local is not responsible for content posted by users.
Become a Member or sign-in to leave a comment.

From our sponsors

Change the world with a master's degree from Sweden's Linköping University

Master's students at world-leading Linköping University (LiU) aren't there simply to study. They solve real-world problems alongside experts in fields that can create a better tomorrow. Do you have what it takes to join them?

Advertisement