Euro slides on France worries; Fed pause hopes support stocks

Key Topics in this News Article:
News Snapshot:

MILAN/SINGAPORE, Oct 5 (Reuters) – Concerns over France’s fiscal position pushed the euro to a 17-month low on Monday and weighed on French assets, though easing bets of a Fed rate hike this month supported broader markets. The pan-European STOXX 600 index rose 0.3% by 0844 GMT, though Paris’ benchmark index fell 0.9% to a fresh six-month low. Spain’s Prime Minister Pedro Sanchez called an early election next month, in a bid to strengthen his mandate following the rejection of the government’s key housing decrees. Initial market reaction, however, was subdued as the decision was not unexpected, with Spanish yields…

  • This field is for validation purposes and should be left unchanged.
  • Newsletter to Your Inbox

    China intelligence delivered each week!