In the absence of interesting data, markets focus on less important things, like politics. France has a political debate between current Prime Minister Attal, Rassemblement National president Bardella, and Nouveau Front Populaire leader Bompard. Presumably they will promise voters everything that they desire, without explaining how it will be paid for. Some plans are estimated to cost two Trusses (4% of GDP of unfunded commitments). The reality of government is likely to moderate such plans.
UBS On-Air: Market Moves