Part 2/9:
As Macron navigates this political labyrinth, he requires a premier capable of advancing his agenda, particularly in passing the 2024 budget that may entail austerity measures affecting citizens. Historical patterns suggest that Macron will seek former political figures from the past to stabilize his administration. Notable names mentioned include Bernard, the Current Minister of Armed Forces, and former Prime Minister Jean who has moderate centrist appeal.
Despite the unrest in the political realm, French equities present a complex picture. While there has been an overall uptick in equities, the French market specifically has underperformed relative to European counterparts, indicating deep-seated structural issues within the country’s economy.