JPMorgan: The rise and fall of French stocks is hard to predict, but the yield spread between French and German bonds is likely to widen.

On July 8th, Jin10 Data reported that Vincent Juvyns, Global Market Strategist at JPMorgan Asset Management, said that it is difficult to predict whether the French stock market will rise or fall on Monday, but he believes that the spread between France and Germany may widen in the coming weeks. The European Commission and rating agencies hope (France) will cut spending by €20-30 billion, but the government will actually have to deal with parties that want to increase spending by €120 billion. In the coming weeks, this may lead to a tense situation in the market. As long as the new government does not clarify its fiscal position, the market may demand higher spreads.