Summary
- French markets mildly suffered after the announcement of elections amid high political uncertainty.
- Uncertainty will fade once the political situation clarifies, just as it has in similar election phases.
- After the recent movement, sound global French companies could offer opportunities for long term investors.
Actionable Ideas
- Global equities
A mildly constructive global outlook with regional differences, coupled with the Central Bank’s plan to cut rates, should be positive for global equities.
- Multi asset investing
In phases of high uncertainty multi asset investing may benefit from the safe haven appeal of government bonds and from the exposure to a broad range of asset classes and sectors.
Key Dates
25 June Canada CPI, Japan |
27 June Bank of Mexico policy, |
28 June US PCE, ECB CPI |