At the start of this week, the focus is likely to be on France.
On Sunday, Marine Le Pen said that her party’s talks with the government led by Michel Barnier, had broken down, which paves the way for a no-confidence vote in the technocratic government that has no majority in Parliament. The no-confidence vote could come as early as Wednesday. If Barnier loses this vote, and at this stage it is very hard to see how he could win the vote, then European political woes could be front and centre as we move towards 2025.
The top performers on the S&P 500 were automobile producers, consumer electronics, the oil and gas sector and consumer finance. The weakest performers include the gold index and semiconductors. The leadership of the S&P 500 has shifted dramatically under Trump. Although Nvidia is one of the top performers on the S&P 500 this year, its position is dropping, and Texas Pacific Land, a real estate company, has taken its place as the second-best performer in the S&P 500 this year.
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