Macron Rally Evaporates as Investors Hunger for Reforms

A hundred days into his presidency, French equities are back where they started

The first 100 days of French President Emmanuel Macron’s tenure have passed and with them the initial market euphoria that followed his victory. The CAC 40 Index is back where it stood before the election, and the stocks seen as potential winners of his promised reforms have had mixed results. Investors are now looking to the Labor Ministry, which this week is set to reveal the outcome of months of talks with union and company representatives.

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