Category: French
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Asia FX muted as dollar weakens; euro steady as leftists lead French elections By Investing.com
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Most Asian currencies were little moved on Monday, with the dollar suffering sharp losses amid growing expectations of interest rate cuts, while the Japanese yen held firm on data showing a recovery in average wages. Elsewhere, European stocks steadied after French election results showed a left-wing coalition won the most…
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Asia shares firm, euro dogged by French election deadlock By Reuters
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By Wayne Cole SYDNEY (Reuters) – Asian shares rose on Monday as investors grew more confident about a U.S. interest rate cut in September, while the euro faced political uncertainty after French elections signaled a hung parliament. In France, a left-wing coalition unexpectedly took first place, ahead of the far…
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French left-wing coalition poised for shock victory in legislative election
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The French left-wing coalition that quickly came together to defeat the rising far right in Legislative elections Turkey’s Justice and Development Party (AKP) won the most seats in parliament but fell short of a majority, opinion polls projected on Sunday, a stunning result that threatens to plunge the country into…
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Dollar slips after dovish Powell speech; euro gains ahead of French vote By Investing.com
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The US dollar fell in early European trading on Wednesday after Federal Reserve Chairman Jerome Powell signaled progress toward lowering inflation, while the euro rose ahead of the second round of French parliamentary votes. At 04:35 ET (08:35 GMT), the dollar index, which tracks the greenback against a basket of…
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Euro’s lack of faith highlights risks surrounding French elections
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The euro may have looked a bit optimistic early yesterday, but it faces a reality check today. The first round of the French election saw a clear victory for Le Pen’s far-right faction. Although the margin of victory was slightly narrower than expected, it also underscored the Macron government’s failure…
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Dollar dips ahead of payrolls; euro gains on French poll results By Investing.com
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Investing.com – The U.S. dollar was lower in early European trade on Monday ahead of this week’s key employment report, while the euro rose after the first round of voting in France’s election. At 05:30 ET (09:30 GMT), the dollar index, which tracks the greenback against a basket of six…
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European stocks rally after first round of French vote By Reuters
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(Reuters) – European shares rose on Monday, with French stocks leading the rally after the far-right National Rally party made historic gains in the first round of parliamentary elections, but by a smaller margin than some opinion polls had suggested. France’s blue chips rose 2.6% to lead gains among regional…
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French Far Right Holds Strong Lead Ahead of Vote: What to Watch
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Breadcrumb trail links PMN Business President Emmanuel Macron’s decision three weeks ago to call early elections has upended any semblance of political stability in France and opened the door to the possibility of the formation of the first far-right government in the modern republic. Article writer: Bloomberg News William Horrobin…
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Newsquawk Week Ahead: French & UK elections, US ISM & NFP, EZ CPI, FOMC Minutes
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Sun: French Parliamentary Election Mon: Canada Day; Japanese Tankan (Q2), Japanese, Chinese Caixin, EZ, UK & US Manufacturing Final PMI (June), German Prelim. CPI (June), US ISM Manufacturing PMI (June) Tue: RBA Minutes (June), Australian & Canadian Manufacturing PMI Final (June), EZ Flash CPI (June), Unemployment Rate (May), US JOLTS…
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French stocks hit the lowest since January with voting set for Sunday
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High Risk Warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or all…
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MUFG: EUR/USD outlook amid French elections and June NFP print
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Euro to US Dollar Monthly MUFG discusses the potential impact of the French elections and June’s non-farm payrolls report on EUR/USD. The focus is on the risk premium already priced into EUR/USD and how the election results could influence further moves. the main points: the current situation: Stability: The EUR/USD…
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Amid election nerves French city traders rush to secure funding as they foresee the worst blow to bonds
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Worst bond rout since sovereign debt crisis sees companies rush to Securing financing Ahead of a potential capital drought. A hit to stocks worth about $200 billion. French President Emmanuel Macron’s decision earlier this month to confront the gains of the far right across Europe Quick poll At home he…
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3 scenarios for the EUR/USD in response to French legislative elections
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Investing.com – The euro has fallen significantly in recent weeks, particularly affected by the shock of the dissolution of the National Assembly in France and the resulting political uncertainty. In a note published on Tuesday, Citi analysts highlighted that the reaction of the EUR/USD pair was more significant than they…
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BNP Paribas on what’s priced into FX markets with upcoming French elections
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Indicators suggest that valuations and positioning are not at extended levels. EURUSD valuations are far from over the top in a downward move. Reinforces conviction to challenge the risk reward of maintaining short exposure to the euro. Elections exacerbate the scope of the downside. Positions are not close to extreme…
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French election worries rekindle market memories of UK budget rout By Reuters
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By Yoruk Bahçeli and Dara Ranasinghe (Reuters) – As far-right and left-wing parties gain momentum ahead of snap parliamentary elections in France, putting pressure on President Emmanuel Macron’s centrist administration, investors are beginning to consider the risk of a budget crisis at the heart of the euro zone. The far-right…
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Marine Le Pen Says She’ll Work With Macron in Appeal to French Moderates
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Breadcrumb links BMN Business Far-right leader Marine Le Pen said she would not try to oust President Emmanuel Macron if she wins early parliamentary elections in France, in an appearance to moderates and investors. Article writer: Bloomberg News Sammy Adgerney and Angelina Rasquette Posted on June 16, 2024 • 3…
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French Political Turmoil Ignites Rush for Havens: Markets Wrap
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(Bloomberg) — Investors sought safe-haven assets as concerns grew about political unrest in France, with European stocks heading for their worst week since October and U.S. stock futures weakening. Most read from Bloomberg The Stoxx 600 index fell by 1.2%, extending its losses since Monday to 2.6%. France’s CAC 40…
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Sterling set for fifth weekly gain against euro after shock French election call By Reuters
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LONDON (Reuters) – The pound is headed for its fifth weekly gain against the euro on Thursday, after hitting its highest levels in almost two years against the single European currency, which was rocked by political uncertainty in France. The euro fell to its lowest level against the pound since…
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French Startup, Mistral AI, Secures $640M Funding To Challenge Industry Giants
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Mistral AI team in Paris / Source: Mistral AI In the rapidly evolving world of artificial intelligence (AI), a French startup, Mistral AI, as a formidable competitor, ready to challenge the dominance of industry giants like OpenAI, Meta, and Anthropic. Founded in 2023 by former employees of tech giants Meta…
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French political risk and the euro By Investing.com
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Investing.com – The French government bond market saw significant pressure following the weekend’s European elections, with the 10-year OAT-Bund spread widening sharply by 7-8 basis points, reaching the widest levels seen since last year. The pressure on the bond market is not surprising after Standard & Poor’s recently downgraded France’s…