Now its over to Macron as Barnier loses vote- CAC 40 futures surprisingly steady so far

Yesterday evening around 8.20pm GMT the French Prime Minister, Michel Barnier did lose the vote of no confidence in this weak coalition government. That was very much a likely prospect and it did push the CAC 40 futures lower, but in truth not by very much at all. The question of what comes next for the French political establishment is very uncertain and now it is up to President Macron to accept the Barnier resignation and nominate a new Prime Minister. It is hard to say what will happen from here on, but it is a mess and likely to remain that way too. Whilst not materially lower, the record gains in the DAX yesterday and on Wall Street merely adds to show; just how badly the CAC 40 is performing right now. The index closed yesterday at 7,303. It is currently priced to reopen around 7,275