French government also survives second no-confidence motion today

Lecornu lives to fight another day, with the second no-confidence motion seeing only 144 lawmakers vote against the government. Again, that is short of the 289 votes needed to oust Lecornu and his aides.The French benchmark CAC 40 index is now trading up 0.8% to 8,140 near the highs for the day. Meanwhile, EUR/USD remains relatively unfazed as it holds around 1.1657 – up just 0.1% currently.
This article was written by Justin Low at investinglive.com.

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💡 DMK Insight

Lecornu's survival in the face of a no-confidence motion underscores the resilience of the current government, which may bolster investor confidence in the stability of French policy. This highlights a potential shift in political dynamics that could lead to more decisive economic reforms. As the CAC 40 approaches its highs, it suggests that markets are responding positively to the prospect of continuity, indicating that investors may be betting on a more favorable business environment in the near term.