04/09/2025
Last week's market update in 6 minutes: https://ow.ly/j92A50WP5hJ
đź’Ľ The French stock market was rocked by renewed political uncertainty last week, after the prime minister Francois Bayrou called a snap vote of confidence for next month. The CAC 40 (a benchmark for the French stock market), dropped immediately, and ended the week down almost 3%.
📊The Institute for Public Policy Research urged a windfall tax on bank profits Friday. Such a tax could raise up to £8 billion a year for Chancellor Rachel Reeves. Bank shares fell, dragging the FTSE 100 down 1%.