France Tag

Macron Won, So Why Didn’t the Euro?

25 Apr, by Brian Clark in Markets, News

With France’s polls closing yesterday Emmanuel Macron will now serve a second consecutive term as the president of France, the first to do so since Jacques Chirac in 2002. Heading into the vote, Macron had an 80-90% chance of victory according to analysts, representing a...

Spotlight Sanofi: Reinvention in its DNA

24 Mar, by Knowledge Leaders Team in Knowledge Leaders

Sanofi is one of the largest pharmaceutical companies in the world. Headquartered in Paris, France, this Knowledge Leader’s roots go back to the 1800s, to French chemist Louis Pasteur’s early vaccine discoveries, leading to the founding of the Pasteur Institute for research, eventually becoming part...

German And French 10-2 Spread Flattest In The Last 5 Years

21 Jul, by Knowledge Leaders Team in Uncategorized

The front-end of the yield curve has flattened in many bond markets this year. The German and French bond markets closed last week with their 10-year bond yield minus 2-year bond yield spread at it’s smallest level since January 2009. The German spread fell to...

Divergences in European Manufacturing PMIs

01 Jul, by Knowledge Leaders Team in Uncategorized

Spain was the big winner in today’s release of PMI Manufacturing data, while France (and Greece) were more disappointing: The divergence between Spain and France– and the implications for each country’s industrial production, based on past correlations– is quite striking:...

French Business Climate: Un Petit Problème

25 Jun, by Knowledge Leaders Team in Uncategorized

French business sentiment followed in the footsteps of the disappointing German Ifo survey from yesterday (see here): Are this indicator’s relationships with employment, industrial production, and GDP cause for concern?...

Payroll Employment Continues to Fall in France

11 Dec, by Knowledge Leaders Team in Uncategorized

Payroll employment fell by over 15,000 jobs in Q3, an improvement (of sorts) following the nearly 38,000 job losses in the previous quarter: While employment in Industry and Construction continued to decline, Services posted a small increase in jobs due to more that 10,000 positions...

France: Business Confidence

25 Nov, by Knowledge Leaders Team in Uncategorized

In contrast to a predicted deterioration, France’s survey of confidence among manufacturers managed to remain unchanged in November: And this is perhaps not surprising, given that Industrial companies in MSCI France have led all other sectors in performance over the last four years: But is...

European Producer Prices

25 Nov, by Knowledge Leaders Team in Uncategorized

Today’s release of October producer price data by Spain revealed a dip into negative territory: Germany’ producer price data has been fluctuating around zero for much of the year so far, making a more definitive move downward beginning in August: Meanwhile, France and Italy are...

Relative Strength for European Countries

20 Nov, by Knowledge Leaders Team in Uncategorized

In addition to looking at individual companies in the relative strength point-and-figure methodology, we also have the ability to look at aggregates such as the MSCI World country indices.A quick look at the European countries reveals a disparate bunch.Some are in significant downtrends that will...

ZEW Survey

15 Oct, by Knowledge Leaders Team in Uncategorized

In keeping with the familiar trend among European data releases, Germany appears to be the lone bright spot in an otherwise lackluster survey of economic sentiment:...

European Industrial Production

14 Oct, by Knowledge Leaders Team in Uncategorized

In spite of a better than expected monthly rise in production (in August), industrial activity in the five largest European countries continues to contract on a yearly basis– with the exception of Germany:And the recent tick down in the PMI Manufacturing survey would not suggest...