In the second round of Sunday's French parliamentary election, the country's left-wing coalition won the most seats, beating back the right-wing National...
In the second round of Sunday's French parliamentary election , the country's left-wing coalition won the most seats, beating back the right-wing National Rally . However, no party achieved an absolute majority in the National Assembly.
He adds that European equities are at the bottom end of the consensus range:"We've got around 15% downside in an environment where generally everybody is bullish and everybody is bullish because the global economy helped by the US has been tremendously strong over the last two years," he tells Yahoo Finance.France's left wing coalition stunned Europe as a new popular front won the biggest share of the National Assembly.
Because the the down risk scenario of a hard right government basically going in confrontation to the EU and potentially raising the political uncertainty from there making an impact at the pan European level that is off the table and therefore it is effectively it offers itself as a catalyst and likely now it will not be.
It was a clear leader, European level, and you now have basically a government that is incapacitated and has to find its feet.And even then you might have an ineffective government compared to what you had in place before.But given what could have been IE this kind of political confrontation with the hard right.
Yeah, So we at the very bottom end of the consensus range, we've got around 15% downside in an environment where generally everybody is bullish and everybody's bullish because the U, the global economy helped by the US has been tremendously strong over the last two years after the recession scale that we had in 2022.You've got risk premier a multi decade low.And you've got earnings and margins at all time highs.
But what do the results of this election hold for US Tech companies who have gotten hit with more fines as we've seen the European Union and its members be a little bit more far more stringent about punitive damages and even compensatory damages for US tech companies and how they operate in that region.
Parliamentary Election Sebastian Raedler European Equity
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