Investors Don’t Care That French Stocks Are On A Tear

Investors not feeling France.
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Begs to differ.

And on a tear they are, up 20% this year. Institutional investors don’t give a merde, moving their money to countries like Germany, Italy and Spain, which are not up 20% this year.

“It clearly shows a lack of confidence towards French companies” from these long-term investors, Mr. Hourcard said….Mr. Hourcard says some big institutional investors may be concerned that France’s economy continues to struggle, especially compared with those of its European neighbors. The European Commission forecasts French GDP growth of 1.1% for 2015, compared with 2.8% in Spain and 1.9% in Germany.

Rising Stocks Aren’t Enough to Keep Some Investors in France [WSJ MoneyBeat blog]

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The French Fart in the General Directions of London and Frankfurt

Oh, the wily and unscrupulous French: They spend years arguing with the ferocity of a cockfighter for tough, nay, draconian financial regulations. And then they elect a Socialist who promises to be even less interested in the concerns of the monied classes. And then, when Europe's two biggest economies—the ones housing the financial centers the French hope to destroy—announce that they'll impose the aforementioned tough, if not draconian, regulations, the French say, joke's on les Huns et les rosbifs.