Five Things You Need to Know to Start Your Day: Europe
Get up to speed with what the markets are monitoring
Good morning. Investors are on watch for what comes next after the French election. There’s warnings a stock pullback could be brewing in the US, as investors await Jerome Powell’s testimony. Here’s what people are talking about.
France’s political class is drawing breath after a turbulent parliamentary election as officials prepare to begin negotiations in earnest over the next government. Meanwhile, on the markets front, a political shock in the country has forced bond investors to confront the reality that the nation’s fiscal deficit is an issue for the here and now — not years down the road. France has long benefited from investors dismissing the threat posed by its poor public finances, given its core position within the euro area. That calm is now at risk.