Live Markets: European stocks join euro lower, French bonds sell off

Forvia SE

07/10/2026 09:20

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EUROPEAN STOCKS JOIN EURO LOWER, FRENCH BONDS SELL OFF 
European shares are down in early trading, part of a broad cross-asset selloff that's seen the euro fall to its lowest in 16 months on the pound, and French spreads blow out again. 
In terms of stock-specific developments, it's the chip complex that's underperforming. BE Semiconductor BESI.AS is down 5.8% and ASM International ASMI.AS down 3.3%, albeit after European tech stocks .SX8P hit a fresh all-time high on Tuesday. 
The biggest gainer of the day is French car parts supplier Forvia FRVIA.PA, up 7% after it signed a joint venture deal with Anand Group in India. 
But generally we've been seeing selling across Europe. The STOXX 600 is down 0.3% and the blue chip Euro STOXX 50 index is down 0.8%. .STOXX, .STOXX50E 
The euro is also down 0.6% on the dollar and 0.3% on the pound, breaking out from the bottom of its range, and French 10-year yields are up 10 basis points. EUR=, EURGBP=, FR10YT=RR 
(Alun John)  
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EARLIER LIVE MARKETS POSTS: 
MORNING BID: WHO'S THE BOSS? CLICK HERE
EUROPE BEFORE THE BELL: NOT QUITE AS BULLISH CLICK HERE