Malaysia Central Bank Moves to Support Ringgit Amid Foreign Fund Outflows 
Oil Prices Slip as Iran Sanctions Relief and Hormuz Shipping Recovery Ease Supply Concerns 
Yen Near 40-Year Low as USD/JPY Approaches Key 162 Level, Raising Intervention Concerns 
Asian Stocks Slip as Oil Rebounds Amid Fed Rate Hike Fears 
Bessent Says U.S. Must Strengthen Supply Chains and Economic Security 
Wall Street Ends Mixed as Alphabet Slumps, Middle East Developments and Fed Outlook Weigh on Markets 
China Keeps Loan Prime Rates Unchanged for 13th Straight Month as Policymakers Prioritize Credit Demand Recovery 
Gold Price Rises as Investors Weigh U.S.-Iran Talks and Fed Policy Outlook 
Oil Prices Drop as U.S.-Iran Talks Ease Supply Concerns 
South Korea Stocks Tumble as AI-Fueled Rally Faces Profit-Taking Pressure 
Singapore Inflation Stays Muted in May as Core CPI Misses Forecasts Ahead of MAS Review 
Australia Inflation Cools in May, But Core CPI Keeps RBA Rate Hike Risks Alive 
France Faces Long Road to Economic Rebalancing as Weak Demand and High Rates Weigh, Says Citi 
Japan Manufacturing Growth Accelerates in June as Orders Surge Despite Iran War Cost Pressures 
U.S.-Iran Diplomacy Helps Drive Gasoline Prices Down 15% From May Highs 
US Dollar Climbs to One-Year High as Fed Rate Hike Expectations Surge 
France faces an escalating political and economic crisis following the collapse of Prime Minister Michel Barnier’s government. President Emmanuel Macron now scrambles to appoint a new leader capable of navigating a fractured parliament and a deepening budgetary impasse. Opposition to Barnier's €60 billion austerity plan, driven by far-right and leftist lawmakers, led to his ousting, intensifying market anxiety.
The bond market has reacted with caution. French 10-year bonds saw their risk premium against Germany’s drop to 77 basis points, but this remains elevated compared to pre-crisis levels. Investors are wary of whether the next prime minister can bridge ideological divides while addressing the country’s 6% budget deficit.
French bank stocks initially rallied on hopes for stability but remain under pressure as uncertainty looms. Notably, far-right leader Marine Le Pen hinted at cooperating to pass emergency budget measures. Still, analysts warn that such promises might falter amid political fragmentation.
Macron’s urgency to install a prime minister highlights the volatility gripping French governance. Markets are watching closely to assess whether the successor will reassure investors or deepen skepticism. Experts predict that if the political stalemate persists, France risks further erosion of investor confidence.
