Samy Chaar, PhD’s Post

View profile for Samy Chaar, PhD, graphic

Chief Economist & CIO Switzerland at Banque Lombard Odier & Cie SA

Dear readers, This week we outline three scenarios for forthcoming snap elections in France, and examine their market implications. Key takeaways: - European Parliament elections kept the centre-right status quo in place, but hint at deeper shifts ahead in France and Germany - Political uncertainty in France following the announcement of snap parliamentary elections triggered higher sovereign yields and equity market weakness - We examine three scenarios. While a majority government led by either the right-wing, or the left-wing coalition, would raise risks around France’s fiscal outlook, the most likely outcome is a hung parliament which would mean moderately higher uncertainty but likely little policy change - The European Central Bank’s intervention mechanisms mean that the eurozone does not face the same existential threats as its sovereign debt crisis of a dozen years ago. https://lnkd.in/eCntR6X2

French election scenarios - Investment implications | Lombard Odier

French election scenarios - Investment implications | Lombard Odier

lombardodier.com

Marc Dauvan

Banker Grandes Familles, Lombard Odier Group | Bespoke solutions for families and family offices | Direct investments | Sustainable Finance

6mo

Markets don't like uncertainty. This graph of Bloomberg says a lot...

  • No alternative text description for this image

To view or add a comment, sign in

Explore topics