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France’s Social Security Budget Passes by Narrow Margin, Raising Fiscal Risks for 2026
France passed its social security budget, but the state budget remains unresolved, and the deficit outlook is worsening

France passed its social security budget, but the state budget remains unresolved, and the deficit outlook is worsening

Today marks the start of the US Supreme Court hearings regarding the legality of some of the US administration’s tariffs. A ruling is expected before the end of the year

t the time of writing, we estimate that Ukraine sovereign credit is already pricing a ~60% probability of a lasting ceasefire. Investor optimism on European equities has been strong so far this year, and the potential for a peace deal has added fuel to a ~10% rally year to date in European equities.





