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The Coming French Revolution

The Coming French Revolution

Authored by Zaki Laidi via Project Syndicate,

In a few weeks, France will elect its next president. Given the French executive’s considerable powers, including the authority to dissolve the National Assembly, the presidential election, held every five years, is France’s most important. But the stakes are higher than ever this time.

Le Pen Faces Disaster In Election After "Monumental" Computer Error

Le Pen Faces Disaster In Election After "Monumental" Computer Error

Despite leading in the polls for Round One, The Express reports that a monumental computer blunder could cost Marine Le Pen the French general election as 500,000 citizens living outside of France have the chance to vote twice.

The election has become extremely close with just 4.5 percentage points separating Macron, Fillon, Mélenchon, and Le Pen...

French Sovereign Risk Soars To 5 Year Highs As Election Looms

French Sovereign Risk Soars To 5 Year Highs As Election Looms

With the rise of communist candidate Melenchon throwing the French election results into disarray for the status quo supporters, it appears traders are rushing headlong for the safety of core-core Europe and rapidly exiting anything to do with France.

As reported in our overnight wrap, the recent surge in far-left candidate Melenchon has changed the French presidential election calculus materially in recent days, sending the spread between French and German 10Y blowing out again, helped by yesterday's Goldman downgrade of French OATs.

Futures Flat Ahead Of Yellen As Geopolitical Risks Loom; Fear Barometer Spikes

Futures Flat Ahead Of Yellen As Geopolitical Risks Loom; Fear Barometer Spikes

S&P futures point to a slightly lower open, while Asian and European stocks are likewise modestly in the red. Trading volumes are muted for most markets on Monday with investors spooked by rising geopolitical tensions in the Middle East and the Korean peninsula. It is also a holiday-shortened week in much of the West. As Bloomberg puts it, there is a "sense of unease" across markets, with global stocks mixed as investors weighed looming security risks and French bonds retreating ahead of the election following the surprising surge of far-leftist Melenchon in the polls.

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