Political crises rock France and South Korea! 🇫🇷 French lawmakers to vote on no-confidence motions threatening Macron’s fragile coalition. 🇰🇷 Calls grow to impeach South Korea’s president after a martial law debacle. Markets react: Euro near 2-year lows. Details 👇 #Forex #Politics
Political unrest is dominating markets from Europe to Asia. French lawmakers are set to vote on no-confidence motions Wednesday, threatening to topple President Macron’s coalition government. French bond spreads are widening, and the euro is trading near two-year lows as investors brace for fallout in the eurozone’s second-largest economy.
In Asia, South Korean politicians have called for the impeachment of President Yoon Suk Yeol following a failed martial law bid, adding to regional instability. French assets have been under pressure since Macron’s snap election announcement in June, with the CAC 40 down nearly 10% and the euro off 4% during the same period. Investors now turn to PMI data for more insight into Europe’s economic health.
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