Election Fever

Published: July 4, 2024, 8:31 p.m.

Friday 5th July 2024


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There are three big political stories today. First, the French election round two could still deliver a majority for Marine LePen\u2019s party. But NAB\u2019s Gavin Friend says markets are not viewing that as such an alarming outcome, saying there\u2019s been a bit of a learning curve about what this new party could do. The UK is likely to face a change of government today, which could bring new optimism to a country that is clearly ready for a change. And, as Gavin observes, the challenge to Biden\u2019s Democrat leadership hasn\u2019t gone away yet. Data wise, today\u2019s key number is the US non-farm payrolls. The numbers to watch are the employment rate and average hourly wages. 



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