Eurozone headlines are once again providing cause for concern, says Chris Beauchamp, Chief Market Analyst at online trading platform IG.
FTSE 100 touches new one-month high
The FTSE 100 briefly surged to a one-month high today, but a dearth of major news meant that the gain could not be sustained. It has been a day of diverging fortunes for European markets – the FTSE 100’s flat session sits between an ebullient Dax, which hit a new record high and a CAC40 that is being pulled first one way and then another by the growing political crisis in France.
Barnier government on the way out?
It has been a seesaw day for European markets, particularly French ones. Earlier signs of a climbdown by the Barnier government were cancelled out by the man himself, who decided to throw caution to the wind by pushing through his budget, bringing forth the inevitable censure proposals by both the Left and Right. The brewing political crisis in France looks set to burst out once more, weighing on risk appetite in a eurozone already struggling to create sustainable growth.
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