Global markets are anxious due to French political crisis, leading to stock market declines and rise in safe assets.

From Yahoo Finance: 2024-06-14 13:48:13

Global markets face anxiety over French political crisis, driving down stocks and boosting haven assets like bonds, gold, and USD. French shares lose $210 billion, bond premiums over German peers surge. US stock market falls as consumer sentiment drops, Apple hit with antitrust probe. ECB officials calm market fears over France turmoil. European stock funds see outflows, US equities inflows. BoJ delays details on bond buying, yen weakens. FAA probes faulty titanium on Airbus and Boeing jets. Tesla investors back Musk’s compensation. Adobe predicts strong sales, Home Depot eyes $10 billion bond sale. RH reports Q1 loss, PG&E sees doubling power demand by 2040. Red Lobster avoids sale hurdles with creditor deal.

Stocks: S&P 500 down, Nasdaq up, Dow Jones down. Currencies: Dollar up, euro down, pound down, yen down. Cryptos: Bitcoin and Ether fall. Bonds: US and Germany yields down, UK yields down. Commodities: WTI crude up, gold up. (Bloomberg)

Read more at Yahoo Finance: Traders Shun Risk as French Turmoil Rattles Globe: Markets Wrap