WS #16140
European markets are under pressure from political instability in France, where curfews remain in place following violent protests, dampening risk appetite. Compounding this, German producer prices hit their highest level since March 2023, fueling inflation concerns for the ECB. Conversely, UK unemployment falling to 4.7% supports the case for further BOE rate hikes, keeping monetary policy tight across the region.
European Political Instability and Macro Data
European markets are under pressure from political instability in France, where curfews remain in place following violent protests, dampening risk appetite. Compounding this, German producer prices hit their highest level since March 2023, fueling inflation concerns for the ECB. Conversely, UK unemployment falling to 4.7% supports the case for further BOE rate hikes, keeping monetary policy tight across the region.