France’s CAC 40 share index has fallen 9% from a mid-May high, underperforming wider European markets. Despite talk of European stagnation, European equities have delivered almost as much as US ones in recent years, with lower valuations providing a firm floor for stocks in the case of bad news. Investors are optimistic about European stocks, especially as balance sheets of once weak banking stocks have been fixed and banks are paying handsome dividends, suggesting potential for outsized share price performance in the future.
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Concern grows over mysterious drone sightings along US east coast
Multiple sightings of drones along the US east coast, particularly in New Jersey, Maryland, and Virginia, have raised concerns and frustration towards the federal government's response, with authorities denying evidence of malicious activity. Despite over 5,000 tips received by the FBI, only a few leads have been identified, leading to dissatisfaction from state officials. Federal regulations on civilian drone use are limited, with violations being common, making it challenging for local authorities to intervene, as...
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