Volatility Is Only Certainty for Traders Parsing French Results

From bnnbloomberg.ca

Traders are preparing for another volatile week after Marine Le Pen’s far-right party won the first round of France’s legislative elections. A victory for National Rally was the base case going into the vote, but uncertainty remains about whether Le Pen’s party will secure an absolute majority that could enable and embolden its anti-immigration and euroskeptic agenda. The second round of voting takes place next Sunday. That means markets are likely in for another tumultuous week. The risk premium on French bonds versus their German peers has blown out to the widest since 2012, while French stocks have slumped ... (full story)