Déjà Vu as France's CAC Harks Back to FTSE 100 Before Big Vote
Pricing the Rise of Melenchon in the French Election
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Want to use the CAC 40 Index to hedge French election risk? Best remember les Anglais first.
The French index’s biggest names including LVMH, L’Oreal SA, Sanofi and Airbus SE have little exposure to the country’s economy, and a drop in the euro could favor it just as the plunging pound sent the megacap-heavy FTSE 100 Index soaring to a record in the months following the Brexit vote.