French PM to extend tax on big companies to appease the left, FT reports
The French government's decision to extend the tax on large companies appears to be an attempt to quell leftist opposition, which adds a layer of political tension as it could provoke no-confidence votes.
Canadian Inflation Rate MoM (Dec) M/M -0.2% vs. Exp. -0.3% (Prev. 0.1%)
Canadian Inflation Rate YoY (Dec) Y/Y 2.4% vs. Exp. 2.2% (Prev. 2.2%)
French PM to extend tax on big companies to appease the left, FT reports
Norway's sovereign wealth fund has embarked on a major selloff of its holdings in London-listed companies, Sky News reports
Zurich Isurance (ZURN SW) proposes to buy Beazley (BEZ LN) for 1,280p/shr
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- He is expected to announce on Monday that he will either use special constitutional powers known as the 49.3 clause to bypass lawmakers or adopt the budget by decree.
- Either manoeuvre will lead opposition parties of the far right and far left to call a no-confidence vote in the National Assembly.
Such instability might impact investor sentiment regarding French equities and broader Eurozone risk, making it a key development to watch in the context of upcoming fiscal policies and parliamentary dynamics.
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