French political uncertainty returns- check out the CAC 40 today

As noted in a previous update, the lions share of the US rebound in stocks came too late for Europe and that certainly applied to the French stock market. In fact, the CAC 40 was by some margin the worst performing major European index yesterday. The CAC closed 1.58% lower, ending the month at 7,790, with a loss of 125 points on the day. That underperformance was all about the news surrounding Marine Le Pen, as covered here at the time and earlier in the day too. So, Marine Le Pen is effectively barred from running for President in 2027. This smells of a hatchet job to be honest with you and as such it has sparked deep unrest across the country. There are going to be ramifications from all this and that is not welcome news for the French stock market. However, the CAC futures are a little higher right now ahead of the opening, but significant uncertainty abounds over the path from here on. The CAC 40 is currently priced to kick off the new month at around 7,815