Eurostoxx futures +1.3% in early European trading

  • French stocks seen rebounding strongly but political uncertainty remains, especially on the budget
Stocks Equities Europe IL
  • German DAX futures +0.5%
  • French CAC 40 futures +1.7%
  • UK FTSE futures +0.2%

French prime minister, Sebastian Lecornu, won the crucial support of the Socialist Party in the National Assembly after promising to suspend president Macron's unpopular pension reform. That now significantly increases the odds of his government surviving the two upcoming no-confidence votes Thursday. Elsewhere, US futures are also sitting higher and that's helping with the broader market mood. S&P 500 futures are up 0.3% currently.

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