• 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
Coincident index

 

27 June

Bank of Mexico policy,
China Industrial profits

 

28 June

US PCE, ECB CPI
expectations

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