Societe Generale was up nearly 5 percent while BNP Paribas was
French/German yield gap tightest in a monthLONDON, March 1 (Reuters) The premium investors demand for holding French over German bonds shrank to a Canada Goose Online one month low on Wednesday, while French stocks climbed to a 15 month high after scandal hit French presidential candidate Francois Canada Goose Outlet Fillon canada goose store vowed buy canada goose jacket cheap to stay in the buy canada goose jacket election fight.
Analysts said the move should strengthen the position of favourite Emmanuel Macron, an independent Canada Goose Parka centrist candidate. French bonds gyrated after a morning of speculation that Fillon canadian goose jacket was about to canada goose withdraw from the campaign over allegations of misuse of public funds, which he denies.
Fillon said on Wednesday he would remain in the French election race despite a judicial summons.
Fillon and canada goose clearance sale Macron canada goose factory sale are both seen likely to beat far right National Front leader Marine Le Pen, whichever one faces her in the May runoff, so Fillon decision to stay in the canada goose coats on sale race is https://www.thecanadagooseoutlet.com reassuring, a trader at a European bank said.
Le Pen concerns canada goose black friday sale many in financial markest because of her desire to pull France out of the euro zone.
Opinion polls show Macron consolidating his status as favourite.
word from Fillon is that he soldiers on regardless and that leaves Macron as the candidate most likely to win, said Societe Generale strategist Ciaran canada goose clearance O
France 10 year government bond yield was up around 2 basis canada goose uk outlet points on the day at 0.91 percent, but Canada Goose online closed the gap on German equivalents which rose 8 bps to 0.28 percent. equivalents as Federal Reserve officials jolted the markets into higher expectations for an Canada Goose Sale interest rate hike in the world largest economy next month.
But amid that sell off, the gap between French and German yields, a barometer of how investors view relative risks, was the narrowest in one cheap canada goose uk month at 64 basis points. That is down from 84 bps last week and the widest cheap Canada Goose level since late 2012.
French stocks meanwhile extended their gains after canada goose uk shop Fillon statement, with the benchmark stock index up over 2 percent at uk canada goose around 4,960 points the highest level Canada Goose Coats On Sale since December 2015.
Shares of the biggest French banks were up more than canada goose uk black friday 3 percent and were among the best performers on the blue chip CAC 40 index. Societe Generale was up nearly 5 percent while BNP Paribas was up canada goose coats 4.5 percent.
In another twist, former agriculture minister Bruno Le Maire said he would resign from Fillon campaign team over his vow to stay Canada Goose sale in the race despite the summons.
Fillon campaign has been dogged since late January by an official investigation into alleged misuse of taxpayers money involving hundreds of thousands of euros paid to his wife and family. He denies wrongdoing.
French bonds have taken a beating since the start uk canada goose outlet of the year on fears about the popularity Canada Goose Jackets of the far right anti euro Le Pen in the presidential race.