Societe Generale's Juckes on Euro, France

The video discusses the French deficit and the political uncertainty in Europe, highlighting the challenges of forming a stable government and passing a budget. It covers the impact of the German election and the Trump presidency on political stability. The speaker suggests that while the year starts with high uncertainty, it may end with less due to inherent biases in market pricing. The discussion also touches on how much uncertainty is already factored into the OAT and FX markets.

What is a significant challenge in achieving stability in a coalition government according to the video?

• Improving international relations

• Passing a confidence vote and budget

• Reducing government size

• Increasing the French deficit

Which two major political events are mentioned as contributing to European uncertainty?

• The Greek financial crisis and the UK general election

• Brexit and the French election

• The German election and the Trump presidency

• The Italian referendum and the Spanish election

What is the speaker's perspective on the level of uncertainty by the end of the year?

• It will be higher than at the start

• It will remain the same

• It will be unpredictable

• It will be lower than at the start

How do markets typically react to uncertainty according to the video?

• They remain unaffected

• They become overly optimistic

• They price in the worst-case scenarios

• They ignore it completely

What markets are mentioned in relation to pricing uncertainty?

• Real estate and commodities markets

• OAT and FX markets

• Cryptocurrency and derivatives markets

• Stock and bond markets