News Formal

France's election has the ability to rock wider European stocks, Citi strategist says

  • 📰 NBCLA
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 59%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

The stock market has not priced in a far-right or far-left majority, according to Citi.

The tax and spend plans of both the hard-right Rassemblement National party and the left-wing Nouveau Front Populaire coalition are a key cause of concern over future bond market volatility.

"Our model suggests that the market is pricing in something between a benign outcome and a gridlock ... not completely, but we are a few percentage points away probably from fully pricing the gridlock," Beata Manthey, the bank's head of global equity strategy, told CNBC's"Squawk Box Europe" on Friday.of both the hard-right Rassemblement National party and the left-wing Nouveau Front Populaire coalition are a key cause of concern over future bond market volatility.

"The outcome is still quite unclear, we only have polling for the first round of the election. So we'll know much more on Sunday evening," Manthey said. European stocks are trading close to a 40% discount to the U.S., a"huge" gap compared to a historical average of around 15-20%, she said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 319. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

European stocks slump after European vote, shock French electionEuropean stocks slump after European vote, shock French election
Source: Investingcom - 🏆 450. / 53 Read more »

European stocks lose steam after European Central Bank cutEuropean stocks moved lower on Friday, after closing at a record high during the previous session.
Source: NBCNewYork - 🏆 270. / 63 Read more »

European stocks open marginally higher after European Central Bank cutEuropean stocks opened slightly higher on Friday, after closing at a record high during the previous session.
Source: CNBC - 🏆 12. / 72 Read more »

European stocks set for muted open after European Central Bank cutEuropean stocks looked set to open relatively flat on Friday, after closing at a record high during the previous session.
Source: NBCNewYork - 🏆 270. / 63 Read more »

European stocks set for muted open after European Central Bank cutEuropean stocks looked set to open relatively flat on Friday, after closing at a record high during the previous session.
Source: CNBC - 🏆 12. / 72 Read more »