Lates News

Due to increased political uncertainty in France, investors are taking cautious measures as the prices of French bank credit default swaps rise. French Prime Minister Franois Beru will face a vote of confidence on September 8, triggering anxiety in the French market. "Traders are increasingly worried about a new round of political turmoil that could escalate in the coming weeks," said Joshua Mahony of Rostro in a report. Standard & Poor's Global Market Intelligence data shows that the 5-year credit default swap spread for BNP Paribas in France has increased by 1 basis point to 43 basis points. The 5-year credit default swap spread for Socit Gnrale in France has increased by 3 basis points to 49 basis points.