Goldman: Market Response To French Election Risk Is Too Muted

Considering what is at stake in the French Election, “the overall market response has so far been remarkably orderly and, overall, quite muted” writes Francesco Garzarelli Co-Head of Global Macro & Markets Research in the bank’s Top of Mind Global Macro Research magazine March issue.   Market Response To French Election Risk Is Too Muted Gerzarelli believes there is little evidence (so far) of systemic risk based on market pricing ahead of the French presidential elections. Considering what is at risk, this is surprised. One possible reason for such a nuanced reaction from the markets is the unexpected outcome of…