DAX, CAC, FTSE100, European Markets Mixed as French Shares Slide Following PM’s Sudden Resignation

European equities opened the week on a mixed note Monday, with French markets under significant pressure after newly appointed Prime Minister Sébastien Lecornu resigned only hours after presenting his cabinet.

Lecornu had been tasked with the difficult challenge of securing parliamentary backing for a tough austerity budget in a sharply divided legislature, a mission that quickly proved unsustainable.

Elsewhere, a fresh survey indicated that investor sentiment across the Eurozone improved notably in October 2025, signaling growing optimism about the region’s economic outlook. Investors are also awaiting Eurozone retail sales figures, expected later in the day.

In market action, the CAC 40 in Paris dropped 1.3 percent, while the FTSE 100 in London and the DAX in Frankfurt each edged up 0.2 percent.

Among individual movers, Hannover Re (TG:A30VQR) climbed higher after announcing a new dividend policy that will allocate a larger share of net profits to shareholders.

German wind turbine producer Nordex (BIT:1NXD) also advanced after winning two new orders in Ukraine from Okko Group, totaling 188.8 megawatts of capacity.

In contrast, French automaker Renault (EU:RNO) slumped following reports it plans to cut around 3,000 jobs globally.

Aston Martin (LSE:AML) also tumbled after the British luxury carmaker warned of potential losses and weaker sales ahead.

French banking stocks were among the biggest losers, with BNP Paribas (EU:BNP), Crédit Agricole (EU:ACA), and Société Générale (EU:GLE) all falling sharply amid the country’s deepening political uncertainty.

This content is for informational purposes only and does not constitute financial, investment, or other professional advice. It should not be considered a recommendation to buy or sell any securities or financial instruments. All investments involve risk, including the potential loss of principal. Past performance is not indicative of future results. You should conduct your own research and consult with a qualified financial advisor before making any investment decisions.