No right turn in Paris

Monday 8th July 2024

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France looks like it won’t be veering sharply to the right after a. The exit poll out this morning has Marine Le Pen’s party in third place, so it looks likely the country is heading for a hung parliament. Phil talks to NAB’s Tapas Strickland about how the markets will respond. There was plenty of reaction to the non-farm payrolls number on Friday. The headline number suggested a rise in the people in work, but the reality is it showed an easing jobs market which is reflected in raised expectations for a September rate cut. We also look ahead to the RBNZ this week and the question mark hanging over Jo Biden’s head. Will he make it as Presidential nominee for the November election? 

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