Economics
French Policy Stupor Sends Bearish Equity Bets Soaring
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French stocks have beaten euro-area stocks for six years. Options traders are betting 2014 will be different.
With a budget deficit poised to rise and economic growth running at half the region’s rate, investor sentiment on the CAC 40 Index is deteriorating. Options protecting against swings in the equity gauge cost the most since April 2013 relative to the Euro Stoxx 50 Index, data compiled by Bloomberg show.