Financial Insights That Matter By contrast, France’s government under Prime Minister Michel Barnier, which was toppled last week after losing a confidence vote, got EU approval for its 2025 budget and its longer-term plan. Barnier did not win political support for the measures from the far-right and left-wing blocs in parliament, which hold the balance […]
Financial Insights That Matter (Bloomberg) — French markets steadied ahead of a no-confidence vote that could bring down Prime Minister Michel Barnier’s administration and extend the political turmoil that has weighed on the nation’s assets. Most Read from Bloomberg The risk premium on 10-year bonds tightened slightly to 84 basis points, while the country’s benchmark […]
Financial Insights That Matter Michel Barnier resigned after losing a no-confidence vote over his attempt to tackle the country’s fiscal crisis – Sarah Meyssonnier/Reuters Investors are dumping French debt in favour of Spanish and even Italian bonds as the deepening political crisis in Paris scares off money managers. Fund managers at JP Morgan Asset Management […]
Financial Insights That Matter (Bloomberg) — European stocks gained for a sixth straight session in the longest winning streak since May, as investors weighed the latest developments in turbulent French politics. Most Read from Bloomberg The Stoxx Europe 600 Index was up 0.4% by the close in London, with travel and leisure stocks and banks […]
Financial Insights That Matter By Yoruk Bahceli and Amanda Cooper LONDON (Reuters) -The risk premium on French bonds dropped and bank stocks rallied on Thursday after a widely expected no-confidence vote toppled Prime Minister Michel Barnier’s government, with focus turning to what a new government might look like. Barnier resigned and President Emmanuel Macron is […]
CashNews.co (Bloomberg) — German Finance Minister Joerg Kukies played down concerns in financial markets about French political turbulence, saying investors appeared to be reacting in a “constructive” and “orderly” manner to the removal of the government. Most Read from Bloomberg “I’m obviously in very regular dialog and contact with my French colleague,” Kukies said Friday […]
CashNews.co (Bloomberg) — A measure of France’s bond risk fell amid hopes lawmakers will strike a deal on next year’s budget sooner than many investors had expected, ending months of political impasse that has weighed on markets. Most Read from Bloomberg The extra yield investors demand to hold 10-year French notes over safer German peers […]
CashNews.co The bank Crédit Commercial de France (CCF) announced a restructuring plan on Wednesday for the next two years, estimating the loss of around 1,400 jobs. The cuts will affect around 36% of CCF’s workforce, made up of around 3,900 employees in total. Eighty-four branches will also be closed. The bank is hoping that many […]
CashNews.co Pink SheetFrance: Government Collapses As Controversial Price-Cutting Finance Bill RejectedFrance’s 2025 social security financing bill (PLFSS) that would have enforced €1bn ($1.06bn) of price cuts on medicines has been rejected after a vote of no….5 hours ago Read More #cashnews #French #finance
CashNews.co Claudia Cohen Bloomberg News has hired Claudia Cohen as a finance reporter in France. She has spent more than four years as a business reporter for Le Figaro, a French newspaper. Cohen also worked at Debtwire. She holds a bachelor’s degree from Università Bocconi and a master’s degree from the London School of Economics. […]