 Global financial markets were abuzz with several high-profile events last week, including critical meetings of Fed and BoJ, alongside release of US inflation data. However, it was the escalating political turmoil in France that captured the most attention, significantly impacting Euro and overshadowing other major economic news. The common currency emerged as the week's weakest performer. Meanwhile, pronounced selloffs rippled through both French and German stock markets as political uncertainty loomed large. The unfolding political drama in France, sparked by President Emmanuel Macron's decision to call snap parliamentary elections, has thrown the European Union into a state of heightened anxiety. Investors are now bracing for the possibility that volatility could extend until the election results are in, which could either exacerbate the current downturn or provide some relief if the outcomes are market-friendly.... |
