2024-07-01 09:02:41

Global Markets React to First Round Vote in French Election

Following the first round of France's snap election, Asian stocks remained subdued while the euro strengthened, with investors now turning their attention to the upcoming runoff in France. European stock markets surged post-election, particularly the French Cac 40 and Euro Stoxx 600, amid speculation of a potential hung parliament in France.

Concerns linger over political risks in France and the U.S., with the Swiss Market Index performing strongly in the second quarter. Expectations are high for significant gains in the DAX in the second half of the year after a minor decline in the previous quarter.

In the U.S., stock markets are poised for a positive open as investors await crucial inflation data and assess the aftermath of the recent presidential debate, with tech stocks leading quarterly gains and the possibility of Fed interest rate adjustments in September.

Yahoo Finance
1. Juli 2024 um 01:25

Asia stocks stutter, euro gains after first round vote in France

Economy
Finance
Politics
Asian stocks were subdued as traders analyzed the U.S rates outlook, while the euro strengthened following the first round of France's snap election. The focus now shifts to the upcoming runoff in France, leaving investors uncertain and jittery.
The Guardian
1. Juli 2024 um 14:05

French stock market surges and euro gains as investors eye hung parliament – business live

Finance
Economy
Politics
European stock markets are up following the French election results, with the Cac 40 surging by 2.6% at the opening bell. Despite concerns over weak economic growth, the Euro Stoxx 600 index has gained 1% as investors eye the prospect of a hung parliament in France.
finews.ch: Treffpunkt der Finanzwelt
30. Juni 2024 um 20:42

Survey: Will France trigger a stock market earthquake?

Finance
Politics
The political risks in France could weigh on the financial markets in the coming weeks and months, while uncertainty is also increasing in the United States. The stock markets continued their upward trend, with the Swiss Market Index (SMI) being one of the best performers in local currency in the second quarter of 2024.
Tagesschau - Wirtschaft und Börsen-Nachrichten
1. Juli 2024 um 20:20

Strong gains expected in the DAX Starting the second half of the year with new momentum?

Finance
Economy
The DAX is expected to start the second half of the year with a significant gain, after recording a 1.4 percent decline in the second quarter despite temporary records. The European common currency has recovered after the outcome of the first round of the French elections. Sentiment in Asian markets is subdued after the Japanese economy shrank more strongly than originally reported in the first quarter and manufacturing activity in China declined.
CW

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