A look at the day ahead in European and global markets from Rae Wee

France finds itself in the depths of a political crisis once again as it cycles through five prime ministers in 21 months – hardly good news for any investor looking to park money in Paris.

Markets will likely face a second day of turmoil in Europe on Tuesday after Prime Minister Sebastien Lecornu’s shock resignation. That came just hours after announcing his cabinet line-up, making it the shortest-lived government in modern French history.

French President Emmanuel Macron has tasked Lecornu to hold last-ditch talks with other political parties to try to chart a path out of the crisis, but regardless, the damage has already been done.

French OAT futures were down slightly in the Asian session after bonds tumbled on Mon

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