After having been close to the symbolic rate of 1%, as last year at the same period, the French 10 years bond has significantly fallen back to stay around 0.70% since the beginning of April. The issuance launched April 5th with maturities running from 10 to 30 years has collected near 8 billion euro and that number will be increased to 8.6 billion including NCTs after auctions. Thanks to the rate fall, it will contribute to a new reduction of the cost of the French public debt because it will participate to the reimbursement of a 27 billion ...

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The debate which took place during the last European economy ministers meeting about digital enterprises taxation has not found a conclusion, despite the European Commission support. International context was definitely not favorable. Most of these companies being American, a decision carried the risk to look like a riposte to Donald Trump protectionist moves when Europe was negotiating an exemption for the duties on aluminum and steel. It was useless to give the impression to outbid and to increase tensions when financial markets are nervous and fear the launch of a real trade war which would have negative consequences on growth ...

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INSEE, the French statistical office, will publish at the beginning of next week its last estimation of French growth during the fourth quarter and will permit to have a clear vision of the economic achievements in 2017. The debate, regarding numbers, 1.9 or 2%, is fascinating commentators but doesn’t make a lot of sense since official statistics accuracy is not enough to make the difference. 2% looks better, on an optical point of view, than 1.9%. This result shows a clear improvement compared to the five years of stagnation France has bored between 2012 and 2016. The ...

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