London CNN —London’s stock market has edged ahead of its rival in Paris as fears grow over the outcome of France’s looming parliamentary elections.
The first round of the French elections is scheduled for June 30, followed by a second round on July 7.
Hubert de Barochez, a senior market economist at consultancy Capital Economics, said investors might be concerned that a parliament run by the National Rally would penalize banks.
In contrast with the political and financial turmoil in France, UK financial markets are “relatively stable,” said Rudolph at IG Group.
Credit ratings agencies are already keeping a close eye on France, one of the EU’s three most-indebted countries.
Persons:
Emmanuel Macron, Axel Rudolph, you’ve, ”, OpinionWay, Macron, Hubert de Barochez, Rudolph, Richard Hunter, Mohit Kumar
Organizations:
London CNN, Bloomberg, CAC, FTSE, European Union, “, CNN, National, BNP, Credit, Capital Economics, IG Group, Labour Party, Interactive Investor, National Rally, Jefferies
Locations:
Paris, France, United Kingdom, Europe’s, Britain