2013-11-25

Will Hollande Be Removed From Office?

The popularity of Hollande fall to 15%

Even Marine Le Pen, who is riding a wave of popularity, lost 9 points in her approval ratings. French people are disgusted with politicians across the board. Hollande takes the cake though, with the lowest approval rating in the history of the Fifth Republic (since 1958).

So does social mood lead the stock market? We may soon find out. Below is the CAC 40 and the iShares MSCI France (EWQ) ETF. A rising euro has helped in the past few months, but the CAC 40 has almost completely flatlined for the past month. A change may well be in the cards, in which case you have to increase the odds of a National Front blowout victory in the European parliamentary elections in May.

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