Europe

(Paris)

US and British investors tend to look down on France, but in fact its economy is strong comparatively. It has higher productivity than the UK and the much mocked 35-hour work is actually more hours on average than workers in the US put in. This, combined with Macron’s recent triumph, is exactly why it is time to invest in Europe again. After years of struggle and the rise of populism, it now appears as if the center has turned the corner in France. The economy is recovering nicely and it now looks like the continent is once again ready to thrive.


FINSUM: This is an insightful article. Now that populism seems to have been beat back, it would appear that it is a good time to get back into European stocks.

Source: Wall Street Journal

(Paris)

Today is a bright day across the European continent. For a couple years Europeans have been rallying to right-wing nationalists parties and the future of the EU and the Euro looked bleak. However, the center held yesterday as France’s independent centrist candidate beat the far-right candidate in a landslide, getting nearly 66% of the vote. The victory signals that France, one of Europe’s top economies, wants to remain in the EU and Euro.


FINSUM: Investors should breathe a sigh of relief as this as this result seems to affirm that the worst of Euro/EU breakup talk is now in the past.

Source: Wall Street Journal

(Paris)

The French election is casting a dark shadow over markets as the country heads to the polls this weekend. The race has four main competitors, but it is increasingly looking like a nightmare scenario for markets: candidates from the far right (Marine Le Pen) and the far left (Jean-Luc Melenchon) are likely to make it through to the final round of voting on May 7th. That would mean no mainstream candidates in the final round of the election, or a lose-lose for markets. Le Pen wants to take France out of the Euro, and Melenchon has far-left economic policy.


FINSUM: Look out for the Euro and European bonds to get hammered as the votes become clear. If Le Pen wins expect doubts about the future of the Euro/EU to be running high.

Source: Wall Street Journal

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