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Speaker 1: Bloomberg Audio Studios, podcasts, radio News.

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Speaker 2: The Stock Movers Report, your roundup of companies making moves

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Speaker 2: in the stock market, harnessing the power of Bloomberg Data.

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Speaker 3: Let's take a look at some of the stocks on

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Speaker 3: the move today in Europe and with Louise Moon, our

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Speaker 3: breaking news editor in the UK, Louise Moon. Louise has

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Speaker 3: told you about society general falling as the French Prime

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Speaker 3: Minister Sebastian lookoff new resigned. How's that reflecting on bank

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Speaker 3: stocks across the country.

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Speaker 1: Well, indeed, this is really the biggest news of the

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Speaker 1: day and that's what European markets are really concentrating on.

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Speaker 1: Investors very worried about even more political uncertainty in the

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Speaker 1: country and really weighing on the wider market. But banks

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Speaker 1: are the biggest underperformers. They're leading those declines in France,

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Speaker 1: so trading volumes, if you look at those, they're jumping

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Speaker 1: far above averages. We've got the likes of BNP, sock

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Speaker 1: Gen falling around five percent, stock generally leading those falls

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Speaker 1: that they've been down at one point this morning over

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Speaker 1: six percent, so really dragging those markets further down. There

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Speaker 1: was one there's one analyst that was saying, this plunges

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Speaker 1: France into or towards the unknown. There's a further loss

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Speaker 1: in confidence in the business sector. So yeah, really weighing

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Speaker 1: on banks kind of across the board, and that's that's

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Speaker 1: the biggest dragger this morning.

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Speaker 3: What about the French mid caps, I mean, the luxury

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Speaker 3: names in decline, but much more internationally focused they.

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Speaker 1: Are, well, so these madcaps, they're the most exposed to

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Speaker 1: the domestic economy, so that they're two fifty. Index in

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Speaker 1: France was down over two percent this morning. And as

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Speaker 1: you say, leading those losses are these luxury names, the

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Speaker 1: likes of Ames, LVMH Caring. And it's also it's not

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Speaker 1: just luxury, is also weighing on a wide range of sectors.

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Speaker 1: So that also the likes of air busts down into

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Speaker 1: the red renaut. So really weighing across those mid caps.

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Speaker 1: And it's French stocks, as I say, as a whole

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Speaker 1: underperforming European peers since mccron last year decided to call

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Speaker 1: snap elections, but this morning really seeing.

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Speaker 2: That impact the stock Mover's report from Bloomberg Radio. Check

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Speaker 2: back with us throughout the day for the latest roundup

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Speaker 2: of companies making news on Wall Street, and for the

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Speaker 2: latest market moving headlines, listen to Bloomberg Radio Live. Catch

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