Paris: The Paris stock exchange witnessed a decline of about two percent on Monday, following French Prime Minister Sebastien Lecornu's resignation.

According to Qatar News Agency, the Premier's move caused French 10-year bonds to rise, increasing temporarily to 3.61 percent before falling back to 3.57 percent, a rise of seven basis points from the previous closing price.

This development came after French President Emmanuel Macron had accepted Lecornu's resignation. Appointed on September 9, 2024, the French Premier faced sharp criticism from opposition figures and the right wing after revealing part of his government yesterday.

Lecornu was scheduled to announce his government's general policy in a speech before the National Assembly tomorrow.