French general election risk, buy American capital flight to the United States
$Direxion Daily 20+ Year Treasury Bull 3X Shares ETF(TMF.US$ French President Macron announced the previous week that the National Assembly (lower house) election would be held in 2 stages on 6/30 and 7/7 in response to a crushing defeat in the European Parliament election. Since the far-right political party, the National Union (RN) led by populist Le Pen, is gathering high approval ratings in opinion polls, there are concerns about French financial/financial risks and the possibility that it will develop into political turmoil in Europe as a whole, and the French CAC 40 index continued to drop drastically in transactions on the 14th, and the euro fell against the dollar and yen.
According to Torsten Throck, chief economist of Apollo Global Management, overseas investors invested 187 billion dollars in US corporate bonds from January to March this year (first quarter). This has attracted a high level of interest, which is a significant increase of 61% compared to the same period last year.
Ian Lindgen and Bale Hartman of BMO Capital Markets said, “Considering the relationship between the French economy and the European Union (EU), and that past memories of Britain's withdrawal from the EU come back to life, the flight to quality is plausible. If France leaves the EU following the UK, it is necessary to seriously consider the EU's long-term outlook,” he said.
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日米株式、債券投資歴40年、その他FX、金、原油レバレッジ取引経験10年、ビットコインは2017年から投資開始継中
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