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French Markets Rebound After Barnier's Latest Budget Compromise.

Authors :
Oyamada, Aline
Ponthus, Julien
Source :
Bloomberg.com; 12/2/2024, pN.PAG-N.PAG, 1p
Publication Year :
2024

Abstract

French markets experienced a rebound following Prime Minister Michel Barnier's government's compromise on the 2025 budget, conceding to some demands from the far-right party. The spread between French and German notes narrowed, and French stocks rose after initial losses. The political crisis has impacted the outlook for the euro and French securities, with concerns about the deficit widening and potential market volatility. Despite some concessions, the fiscal tightening necessary to stabilize the deficit may be compromised, leading to uncertainty in the market. [Extracted from the article]

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
181254704