Just now, the European stock market "collapsed"! Putin spoke out with a bang and was very informative

National Business Daily

2024-06-15 00:32Published on the official account of Sichuan Daily Economic News

The negative news continues, and the European capital market has fallen sharply tonight!

As of press time, the major stock indexes of the French and Italian stock markets fell by about 3%, and the stock markets of Germany and other countries fell by more than 1%.

The foreign exchange market also suffered a bearish raid, with the pound falling by more than 0.7% against the dollar and the euro against the dollar by more than 0.5% and 0.5% respectively.

Political factors influence

This week, European stock markets continued to fall due to political factors. Since Macron announced the early parliamentary election, as of 21:43 Beijing time on the 14th, the French CAC 40 index has fallen by more than 6% since this week; Italy's FTSE MIB index fell more than 5%; Germany's DAX fell nearly 3%.

Earlier, French President Emmanuel Macron held a press conference on the 12th, announcing that in order to win the upcoming early National Assembly elections, the government will take measures in terms of people's livelihood and energy transition to respond to voters' voices.

Macron said on the same day that the dissolution of the National Assembly and the early holding of parliamentary elections was to reunite French voters who opposed extremism and supported the idea of a republic. Macron said that in the face of the rise of the far right, his government has not responded quickly and decisively to the concerns of the French. To this end, he will introduce a series of new measures, including improving the treatment of employed people, promising that pensions will be linked to inflation, and building new nuclear power plants. At the same time, he will insist on the implementation of unemployment insurance reform, but said that there can be discussions on how to implement it.

Macron also stressed that he will not resign from the presidency regardless of the outcome of the National Assembly elections.

The European Parliament elections, every five years, are held from the 6th to the 9th. French voters voted on the 9th to elect 81 MEPs representing France. Because France's ruling party has much lower support than the far-right party, Macron announced the dissolution of the National Assembly that night to prepare for a new National Assembly election. The first round of voting is scheduled for 30 June, with a possible second round scheduled for 7 July.

Chris Beauchamp, chief market analyst at IG, noted that cautious Fed meetings and ongoing political concerns in Europe continue to weigh on European stock markets. The early French parliamentary elections on June 30 and July 7 have caused investors to flee European stock markets.

As of 21:43 Beijing time on the 14th, Société Générale has fallen more than 11% this week, BNP Paribas has fallen more than 9%, and Crédit Agricole has fallen more than 8%.

Putin spoke out heavily, but Zelensky refused

In addition, according to CCTV News, on the 14th local time, Russian President Vladimir Putin held a meeting with the leadership of the Russian Foreign Ministry on foreign relations and other related issues.

On issues related to the Russian-Ukrainian negotiations and the ceasefire, Putin said that Russia is ready to negotiate with Ukraine at any time. But Putin said that the precondition for the negotiations is the full withdrawal of Ukrainian troops from the four regions of Donetsk, Luhansk, Kherson and Zaporizhzhia. After the withdrawal of Ukrainian troops, the Russian side will immediately cease fire, and then the two sides will start negotiations, including on issues related to Ukraine's non-membership in NATO. But Putin added that Ukraine should make decisions independently.

Putin said that Russia today again made a real peace proposal, but if the West and the Ukrainian side refuse, they will be responsible for the bloodshed. Putin warned that as the situation on the battlefield changes, the conditions for future peace talks will also change.

In his final speech, Putin stressed that Ukraine's neutral, non-aligned and non-nuclear status, as well as the demilitarization and denazification of Ukraine, remain Russia's principled position.

After Putin's speech, Russian Foreign Minister Sergei Lavrov said that Russia will wait for the West's reaction to Putin's new proposal to solve the Ukrainian issue, and that Russian ambassadors abroad will convey the details of Putin's proposal to various governments.

According to a comprehensive foreign media report by China News Network, on the 14th local time, Zelensky's office rejected Putin's proposal for peace talks, saying that the initiative seemed to assume that Kiev would give up sovereignty. The statement said that Putin's statement on peace talks at this time was an attempt to seize the initiative before the peace summit in Ukraine in Switzerland.

Russian Foreign Ministry spokeswoman Zakharova responded that such statements by Ukraine are an attempt to deprive Ukrainian citizens of a real chance for peace.

Editor|He Xiaotao Du Bo

Proofreading|Tang Yawen

Daily Economic News, Comprehensive CCTV News, China Securities Journal, etc

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