While in Europe, stock markets are cautiously recovering amidst the political context, Wall Street is also not succumbing to euphoria despite the latest U.S. employment report. The latter, however, indicates a moderation in hiring and wage inflation, making a forthcoming easing of monetary policy plausible…

After the stress of recent days, linked to the English and French political deadlines, European stock markets had regained some momentum at the opening this Friday, July 5.

 

The release of employment figures across the Atlantic, at 12:30 GMT, likely to influence the Federal Reserve’s upcoming interest rate decisions, seemed to concern investors more than the elections in France or the UK…

 

While the latest projections in France indicated great difficulty, or even the impossibility, for the National Rally to obtain an absolute majority in the second round of the legislative elections, their opponents having blocked their way through withdrawals, investors were overall reassured. This was reflected in a 0.17% rise at the opening of the Cac 40 around 10:00 am on Friday.

 

Far from the 8,000 points



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Sophie Michentef
Sophie Michentef has worked for more than 30 years in the professional press. For fifteen years, she managed the French and international editorial staff of the Journal du Textile. She now puts her press, textile, fashion, and luxury expertise at the service of newspapers, professional organizations, and companies.

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