French President Emmanuel Macron called a snap election after dissolving the country’s parliament. According to Interior Minister Gérald Darmanin, the vote could cause civil unrest in the country.
Fed Watch Advisors founder and chief investment officer Ben Emons joins Market Domination to give insight into the European markets ahead of the French election.
"French bonds… these are the more safer assets in the eurozone compared to, say, in Italy or Greece. And because of the ECB’s, you know, major influence on these markets with rate cuts already coming through, those bonds look interesting. But French stocks to an extent, too. What has really sold off for the French banks, those are well capitalized institutions now. So that looks really overextended. So I think you could play both French stocks and bonds," Emon tells Yahoo Finance.
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