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eToro, French Election Comment: Behind the Positive Headlines
Mati Greenspan, Senior Market Analyst, eToro
“Everywhere we’re seeing reports that markets are celebrating on the back of Macron and Le Pen making it through to the second round. But it’s our sense this celebratory mood may be a bit premature. Indeed, investors on the eToro platform are less optimistic about the weeks running up to the next round elections. Currently 70% of traders on our platform who are dealing in French stocks are selling, with the large majority shorting the euro vs the US dollar. This goes against broader market reports that the euro is soaring and French stocks are up. Clearly, beneath those headline figures, some investors remain cautious.
“Investors are avoiding investing in longer term positions while uncertainty prevails. It’s been suggested Le Pen has a 40% chance of winning the next round elections, leaving investors facing what feels like a coin toss choice between her and Macron when making investment decisions. Against this backdrop, we expect investors to continue to focus on short term market movements.”
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Klarna is seeing a sharp rise in both monthly and daily app usage, as more consumers use their services
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ClearBank has today announced the opening of its new London headquarters at Broadgate Tower in the City
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American Express and Kwik Fit have signed a new agreement meaning Amex is now accepted as a payment method
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valantic FSA announces the appointment of Christian K. Schwarz as Managing Director, with responsibility for the firm’s Payments business
FCA Selects 4 Firms to Test Stablecoin Innovation in Its Regulatory Sandbox
The FCA has chosen 4 companies to test how their stablecoin services work with proposed regulation
Generali Launches Generali Core Tech – New Group Software Factory Advancing Its Technological Transformation
Generali launches Generali Core Tech, a new Group software factory, advancing its technological transformation
CoverGo Launches AI Agents to Automate Insurance Operations
CoverGo announced the launch of AI agents built specifically for insurance, accelerating the shift toward fully AI-driven insurance operations.
Klarna Reaches 55 Million Monthly App Users as Usage Surges 53% Year Over Year
Klarna is seeing a sharp rise in both monthly and daily app usage, as more consumers use their services
ClearBank Moves Into New London HQ as It Reaches £18bn in Deposits Held
ClearBank has today announced the opening of its new London headquarters at Broadgate Tower in the City
Kwik Fit Shifts Gears with American Express Acceptance
American Express and Kwik Fit have signed a new agreement meaning Amex is now accepted as a payment method
valantic FSA Appoints Christian K. Schwarz as Managing Director for Payments
valantic FSA announces the appointment of Christian K. Schwarz as Managing Director, with responsibility for the firm’s Payments business