#central-bank-buying

#central-bank-buying

European markets are heading higher in early trade, with the French CAC 40 leading the push despite ongoing political uncertainty that not only sees the country without a Prime Minister, but also faces calls for President Lagarde to step down. While the swift resignation of Sebastien Lecornu understandably brought selling pressure for French stocks, today's recovery highlights the degree to which markets are willing to overlook this political instability if it means that the previously touted spending cuts are taken off the table.