From Dana Lyons: France’s benchmark CAC-40 stock index is breaking out to 10-year highs.
From Zacks: The French economy grew slower than estimated, per the Bank of France, primarily owing to a slowdown in manufacturing activity. The bank’s lower growth estimate for the first quarter is indicative of a somewhat broader slowdown in the Euro zone. European Central Bank (ECB) Executive Board member Benoit Coeure thinks the Euro bloc […]
From Franklin Templeton Investments: Market observers have long blamed France’s labor code and other policies for the country’s slow growth and high unemployment.
From Franklin Templeton Investments: French President Emmanuel Macron is preparing to take on France’s powerful unions as he attempts to overhaul the country’s labor code. Here, Philippe Brugere-Trelat, Franklin Mutual Series executive vice president and portfolio manager, Franklin Mutual European Fund, explains why a Macron victory on this front could open up opportunities for investing […]
From Dana Lyons: France’s CAC-40 is testing the support of one of the financial markets’ most prolific trendlines.
From Franklin Templeton Investments: A large chunk of French President Emmanuel Macron’s first 100 days in office came at a time when many Europeans were on holiday break. Here, Philippe Brugere-Trelat, Franklin Mutual Series Executive Vice President and Portfolio Manager, Franklin Mutual European Fund, says it’s unfair to judge Macron on such a short timeframe.
From Mike Burnick: On Sunday, centrist candidate Emmanuel Macron turned back right-wing challenger Marine Le Pen to win the French presidential election … now the real work begins.
From Franklin Templeton Investments: There were no surprises as French voters elected Emmanuel Macron as their new president after the second round of voting. Franklin Templeton’s investment professionals share their thoughts on the prospects of a Macron presidency and suggest it might not be plain sailing for the self-styled political outsider.
There’s some clear blue water between the two candidates contesting the final round of the French presidential elections on May 7: Marine Le Pen and Emmanuel Macron. Here, David Zahn, head of European Fixed Income, Franklin Templeton Fixed Income Group, shares some thoughts on the potential market implications of the race.
From Dana Lyons: The French CAC-40 is straddling its long-term Down trendline entering Sunday’s highly anticipated election.
From Tyler Durden: Following our warnings last week of anxious hedging ahead of the French election, new polls this weekend have stirred the pot of fear further as communist candidate Jean-Luc Melenchon surges making the race a four-way contest with many suggesting this favors Le Pen and the anti-EU voters.
From Franklin Templeton Investments: As far as most commentators are concerned, the first round of the French presidential elections, due to take place on April 23, will be a race to see who faces the far-right National Front leader Marine Le Pen in the run-off in May.
From Dana Lyons: The most important French stock index, the CAC-40, is testing a prolific trendline stemming back nearly two decades.
From BlackRock: Chief Multi-Asset Strategist Isabelle Mateos y Lago sees bond market concerns about a possible victory by populist Marine Le Pen as overdone.
From Larry Edelson: Investors see the writing on the wall. And that’s why they’re fleeing French 10-year government debt: They purged $32 billion worth in the fourth quarter of 2016 and even more in recent weeks.