SimpleFX Blog
    Facebook Twitter Instagram
    Monday, August 15
    Facebook Twitter LinkedIn Telegram YouTube
    SimpleFX BlogSimpleFX Blog
    Banner
    • Home
    • News
    • Tutorials
    • Updates
    • Opinion
    • Trading Academy
    • Trading Schedule
    SimpleFX Blog
    Home»News»French 100-Billion Euro Stimulus Plan Pumps the Stock Markets Up
    News

    French 100-Billion Euro Stimulus Plan Pumps the Stock Markets Up

    Natalia AlvarezBy Natalia AlvarezSeptember 3, 2020Updated:September 3, 2020No Comments2 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email

    President Emmanuel Macron revealed the 100-billion-euro plan that is to save the French economy and also give him a chance to win the elections that are going to take place in less than two years.

    The stimulus package is called “France Relaunch”:

    • Wage subsidies
    • Tax cuts
    • Funding for environmental projects

    The stimulus has been long-awaited as France’s economic outlook is bleak. The GDP is expected to shrink by 10% in 2020. This is more than the eurozone average. 

    It seems the French government wants to please everyone, and that is why it seems to be a political move. The stimulus is to boost:

    • Competitiveness,
    • Employment,
    • Social equality,
    • Saving the environment.
    Even Airbus shares have gone up recently

    In Germany, the country that has been famous for strict and disciplined fiscal policy the winds have also changed. The ruling coalition led by Angela Merkel has voted in favor of the extraordinary budget deficit in 2021.

    The US has already passed a $3 trillion stimulus package in May. Now with the federal deficit expected to hit a record $3.3 trillion, the Washington DC politicians are discussing a next COVID-19 relief package.

    The French stimulus, as expected, had a positive effect on stock exchanges in Europe.

    In France, Airbus has finally moved over 4% up today, after what was a very strong downtrend. The airplane manufacturer has been hit hard by the rapid decline of air travel across the globe due to the pandemic. Many analysts claim that the old-time will never return for the business travel industry, as companies discovered that online meetings may be equally effective.

    However German Lufthansa has had an impressive trading session so far. The carrier decided to cut jobs several days ago, but also declared they are going to operate 160 flights between India and Germany. The stock is up over 6.18% since yesterday’s closing.

    Strong rebound of Lufthansa share price is something very rare in 2020

     Short term the stocks are going up. The biggest question is the long term sustainability of the global financial system, and what will be the future alternative to the fiat system.

    featured
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleDow Jones Gains but Will it Break Through?
    Next Article Changes to trading hours in the US and Brazil on September 7
    Natalia Alvarez

    Related Posts

    Two Scenarios for BTCUSD in 2022

    August 12, 2022

    BlackRock Inc. To start a private investment fund.

    August 12, 2022

    Bitcoin Breaks $24 with Authority

    August 11, 2022

    Leave A Reply Cancel Reply

    Copyright © 2022. SimpleFX
    • SimpleFX WebTrader
    • Unilink Affiliate Tracker

    Type above and press Enter to search. Press Esc to cancel.

    We and our partners use cookies for analytics purposes and to serve personalized ads. You can view our privacy policy here and our cookies policy here
    Accept.
    Privacy & Cookies Policy

    Privacy Overview

    This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
    Necessary
    Always Enabled
    Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
    Non-necessary
    Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
    SAVE & ACCEPT