Euro Strength and Political Dealings in France

Reported 12 months ago

European markets are expected to have a strong start to the second half of the year as far-right National Rally party led in the first round of voting in France but with a smaller share, boosting the euro to a two-week high. The chances of RN winning power are still uncertain and will rely on political negotiations with rivals, causing the euro to rise, stock futures to climb, and French OAT futures to gain. The upcoming week may see high volatility as concerns about increased spending by far-right and left-wing alliances in France and the UK's general elections on Thursday are influencing market sentiments.

Source: YAHOO

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