France

Venerable French investor Charles Gave has been managing money and researching markets for over 40 years; as such France’s elder statesman of asset allocation perhaps best captures the mood ahead of the most crucial Presidential election in a generation. In conversation with Dr. Pippa Malmgren, Charles breaks down national politics to understand why voters have rejected the establishment and the market impact of both outcomes, and what to expect from tomorrow's election.

After 9 gigabytes of Macron-linked documents and emails were released on an anonymous pastebin website on Friday afternoon in what Macron's campaign said was a "massive and coordinated" hacking attack, France - fearing a similar response to what happened with Hillary Clinton after 35,000 John Podesta emails were released one month before the US presidential election - cracked down on the distribution of the files, warning on Saturday it would be a "criminal offense" to republish the data, and warning the French media not to publish content from any of the hacked emails "to prevent the outco

With all eyes on crude, following last night's mini flash crash which sent WTI lower by 3% from just above $45 to under $43 in under 10 minutes, equity markets, generally quiet overnight, have taken on a secondary importance ahead of today's key risk event, the April payrolls report (full preview here). In global equities, Asian and European stocks are lower, while S&P futures are little changed.

As reported overnight, documents leaked online appeared to show that French Presidential Candidate Emmanuel Macron entered into an operating agreement for a Limited Liability Company (LLC) in the Caribbean island of Nevis, and that the company may have had a business relationship with a bank which has been previously involved in tax evasion cases in the Cayman Islands. The anonymously released PDF files purported to show corporate records of a company named La Providence LLC apparently created by Mr. Macron in Nevis, a noted offshore tax haven. La Providence is the name of Mr.

On April 20, just days before the first round of the French election, former president Obama caused a diplomatic stir when Reuters reported that he had spoken on the phone with French presidential candidate Emmanuel Macron - the market-friendly candidate preferred by Europe's establishment.