Global stock index futures predict an upward trend, and it may be difficult for the European stock market to maintain. As of August, the Stoxx 600 index closed higher for five consecutive months, then began to decline. Previously, investors were optimistic about the European stock market on the grounds that corporate profits were growing and valuations were lower than most global markets; now they have to deal with the chain shock caused by unconventional policy ideas controlled by France's deficit. Presidential candidate Jean-Luc Mélenchon proposed that the central bank holding French treasury bonds should write off the debt directly. Affected by this statement, the risk of French bonds soared sharply, to a level not seen in many years. Market pessimism spread throughout the Eurozone, putting pressure on both the euro and European stock markets. Markets generally speculate on how the ECB will respond. ECB President Christine Lagarde said on Thursday that the central bank has the tools to deal with unfounded and disorderly market fluctuations. Earlier on Thursday, the yield spread on French treasury bonds and German treasury bonds stabilized. There were reports that among the three main candidates, including far-right leader Marina Le Pen, Mélenchon was the French presidential candidate with the lowest approval rating. However, as long as traders continue to worry about the French government's financial situation, it will be difficult for the euro and European stock markets to rise.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.