Sharp Decline in French Stocks Following Resignation of Prime Minister Le Cornu

French stocks sharply declined in trading on Monday, following the announcement of the resignation of the new Prime Minister Sébastien Le Cornu, raising concerns among investors about the worsening political instability in the country.

As of 12:05 Moscow time, the French CAC 40 index fell by 1.78% to reach 7937.33 points, while the British FTSE 100 index decreased by 0.18% to 9473.75 points.
The German DAX index recorded a slight increase of 0.03% to reach 24385.72 points, according to trading data.

The Élysée Palace announced earlier today that French Prime Minister Sébastien Le Cornu had submitted his resignation, which was accepted by President Emmanuel Macron.
Le Cornu's resignation, the seventh Prime Minister during Macron's presidency, comes just hours after the announcement of his new government, which included familiar faces, in a move that failed to ease the political crisis facing France.