French stocks extended losses and the euro weakened after Prime Minister Le Maire submitted his resignation to Macron.

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The French CAC 40 Index widened its decline to 1.5%; the euro/dollar fell about 30 pips in five minutes to 1.1675; the yield spread between French and German 10-year government bonds widened to 86 basis points, the first time since January. According to CCTV, on October 6 local time, French Prime Minister Borne submitted her resignation to President Macron, who has accepted it.

More updates to follow…

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