Political turmoil in France has caused stock market fluctuations, leading to a decline in European stock markets

On June 17, the falling of European stock markets widened as concerns about the upcoming French election brought stock market Fluctuation to its highest point since October last year. The Euro Stoxx 600 fall 0.2%, erasing the pump of early gains, while the French CAC 40 also gave back most of the pump gains that opened 1%. Some agencies, including Liberum, saw concerns and excessive sell-offs, while Citi downgraded the region. Wolf von Rotberg, equity strategist at Safra Sarasin Bank, pointed out that in addition to political concerns, the favorable backdrop enjoyed by European banks is also coming to an end, as easing risks eroding Interest income, and long banks are also heavily affected by the big dump of French government bonds. "In our view, European banks are unlikely to outperform. This will also weigh on the relative performance of European equities. ”