Stock Movers BNP Paribas Down, British American Tobacco Slides, Bunzl Up
Aug 26, 2025
The podcast dives into the significant drop of BNP Paribas, noting a trading volume that skyrocketed to ten times the average. Political uncertainties in France are causing ripples across the banking sector. Meanwhile, British American Tobacco faces leadership changes as its CFO steps down, leading to a slide in share prices. On a more positive note, Bunzl's stock rises by 4.5% following strong revenue reports and a return to share buybacks, offering a glimmer of hope in a challenging market.
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French Banks Hit By Political Jitters
- French banking stocks are under fresh pressure amid political uncertainty after Prime Minister Élisabeth Borne called a confidence vote.
- The CAC 40 has underperformed other European indexes this year, amplifying sensitivity to domestic budget concerns.
Politics Weighs On French Equity Outperformance
- French equities have lagged broader European gains despite optimism around infrastructure and defence spending.
- Political jitters and budget questions are compounding underperformance and weighing on sectors like luxury and autos.
French Bonds Attract Yield-Seeking Investors
- Some investors still find French bonds attractive due to their premium over Japanese and other European bonds.
- Bond demand is another market channel reacting to France's budget and political uncertainty.