EZB8RISK / Market Briefing

France's political backdrop is intensifying, with polling pointing to a far-right versus hard-left presidential runoff and Macron's exit shaping the fiscal debate ahead. The centra

France's political backdrop is intensifying, with polling pointing to a far-right versus hard-left presidential runoff and Macron's exit shaping the fiscal debate ahead. The central bank governor's warning that budget action is needed before year-end keeps sovereign financing risk at the center of the market's attention, and European-wide leverage concerns add to the pressure. Global benchmarks were mixed on Monday, offering little directional clarity for French equities.

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