France settles down, US equities hit new highs again

Tuesday 18th June 2024

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French politics still has a long way to run, but markets have calmed down a bit on the hope that a LePen government might not be so radical. NAB’s Taylor Nugent says ECB chief economist calmed markets by suggesting there was nothing disorderly in bond markets that would see the need for the central bank to intervene. It’s going to be an uneventful RBA meeting today, with rates on hold and no new forecasts to map out the path of cuts for this year and next. All in all, a fairly quiet session. Except US equities, of course, that broke records, again.

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