Lunes Jul 1 2024 12:05
3 min
French stocks surging, euro gapping up, spreads narrowing again — a relief rally of sorts for assets exposed to French politics, but the centre of gravity has shifted and the Rassemblement National (National Rally) could secure a majority still.
Thanks to the peculiarities of the French electoral system, we don’t know precisely how the vote yesterday translates into seats, but there is no masking the earthquake. The second round of voting takes place on July 7th. Projections vary for the number of seats RN will secure. There will be an unusually high number of three-way run-offs due in part to the very big turnout. It is unclear how the Leftists and Centrists will work together to form a “Republican Front” to defeat RN.
A hung parliament looks very possible. This could reduce the chance of a big spending splurge, but wouldn’t exactly help sort France’s fiscal position, which is already quite fragile. Also, it turns out the French are very good at polling – the vote seems bang in line with predictions.
I-calculate ang iyong hypothetical P/L (aggregated cost at charges) kung ikaw ay nag-open ng trade ngayong araw.
Market
Instrument
Account Type
Direksyon
Dami
Ang halaga ay dapat katumbas o mas mataas sa
Ang halaga ay dapat mas mababa sa
Ang halaga ay dapat multiple ng minimum lots increment
USD
EUR
GBP
CAD
AUD
CHF
ZAR
MXN
JPY
Value
Komisyon
Spread
Leverage
Conversion Fee
Required Margin
Ang pagdamagang Palitan
Ang nakalipas na pagsasagawa ay hindi maaasahang tagapaghiwatig ng mga paparating ng mga resulta
Ang lahat ng mga position ng mga instrumenton ng denominasyon sa isang salapi na iba sa pananalapi ng iyong account, ay sasailalim din sa bayad sa conversion sa paglabas ng posisyon.
French stocks saw a boost after RN's victory became clear, with the CAC 40 index rallying over 2% to lead European shares higher, with the DAX up about 0.7% and FTSE 100 0.4% higher. The euro jumped at the open on Sunday night and has largely held gains to trade at its best in two weeks.
Franco-German bond spreads narrowed a bit, but markets remain nervous about the French election's second round.
U.S. stocks are coming off a losing session but have seen a cracking first half, with the S&P 500 up 14.5% and the Nasdaq Composite up 18%. Both indices were up 4% and 8% respectively for the second quarter, whilst the Dow Jones index fell 1.7%. Friday’s core PCE index showed inflation rising at the slowest pace since late 2020. The case for the Fed to cut interest rates is rising.
It’s a holiday-shortened week in the U.S. with the July 4th holiday on Thursday — the same day Britons go to the polls in the UK general election.
When considering shares, indices, forex (foreign exchange) and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and could result in capital loss.
Past performance is not indicative of any future results. This information is provided for informative purposes only and should not be construed to be investment advice.
Mga tag
Tingnan ang lahatPinakabago
Tingnan ang lahat
Huwebes, 20 Pebrero 2025
8 min
Huwebes, 20 Pebrero 2025
5 min
Huwebes, 20 Pebrero 2025
2 min
FIL
