This result should lead to a material reduction in perceived political risk in Europe. We do expect some risk premium to linger until legislative elections in June. Both Macron and Le Pen are not part of the mainstream parties that have dominated French politics in the Fifth Republic for nearly 60 years. If Macron becomes France’s next president, he may struggle to implement his agenda without a stable parliamentary majority.
BlackRock: The market implications of the French vote
Good morning. Here are 3 charts that are driving the chatter around finance, investing, and economics today.
French citizens put Emmanuel Macron and Marine Le Pen in the final round of the French presidential election. Did the betting markets get it right?
Sunday April 23rd is the first day of the French presidential election. Betting markets are expecting a different race than the polls.
The eurozone’s slow can be attributed to missteps in monetary policy, especially compared to the US and UK. A bold ECB QE program can solve it.
Germany’s Demand for EU Austerity is wrong – but internal politics may be the catalyst that threatens the EU project
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June 28th marks the 100th anniversary of the assassination of Archduke Franz Ferdinand, which, of course, became the catalyst that ultimately led to World War I.
Today, the United States is debating on what measures, if any, to take in Iraq, where the Sunni-aligned Islamic State of Iraq and Greater Syria (ISIS) have been toppling weak defense forces of the Shia government, are are slowly making their way toward Baghdad. Continue reading