MNI China Daily Summary: Friday, January 10

MNI BRIEF: China To Adopt Very Proactive Fiscal Policy-Offical

CANADA LIBERAL LEADERHIP VOTE TO REPLACE TRUDEAU SET FOR MAR 9

MNI BRIEF: PBOC Suspends Bonds Trades As Yields Drop

MNI: PBOC Net Drains CNY14.8 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1891 Fri; -2.36% Y/Y

USDA: CORN STOCKS 12,074M BSL ON JAN 1

MNI: USDA: 2024/2025 CORN PRODUCTION EST 14.87B BSL

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

FRANCE: Appointment Of Prime Minister Delayed Until Friday

FRANCE
Homepagemarkets-real-timePolitical RiskPolitical Risk BulletCEEMEAEurozoneFranceBulletMarketsFixed Income BulletsForeign Exchange Bullets

Reuters reporting that the French presidential office has issued a statement noting that an appointment of a prime minister has been "postponed until Friday morning."

  • Reuters notes that, "French President Emmanuel Macron said two days ago he wanted to name a new head of government within 48 hours. The new team is due to replace the one led by Michel Barnier, who resigned last week after far-right and leftist lawmakers voted to topple his government, plunging France into its second major political crisis in six months."
  • Clovis Casali at France24 reported a short time ago, “the problem [for Macron] is very simple: He needs to find someone who can get some kind of majority in parliament, with no single party holding an outright majority... He needs to pick a person who will get some kind of majority at the National Assembly, or at least who won't suffer a vote of no confidence,”
  • Polymarket shows considerable uncertainty over the appointment, with the market sensitive to headlines. Centrist François Bayrou remains a slight favourite, with a 31% implied probability of taking the job, down from as high as 70% yesterday. Behind him, five other candidates, including Roland Lescure, Bernard Cazeneuve, Catherine Vautrin, David Lisnard, and Sébastien Lecornu are also considered credible selections.
  • Politico notes that Macron risks another government collapse if he selects Bayrou: "Representatives from different left-wing parties have already made clear that they are against Bayrou’s potential appointment."
235 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Reuters reporting that the French presidential office has issued a statement noting that an appointment of a prime minister has been "postponed until Friday morning."

  • Reuters notes that, "French President Emmanuel Macron said two days ago he wanted to name a new head of government within 48 hours. The new team is due to replace the one led by Michel Barnier, who resigned last week after far-right and leftist lawmakers voted to topple his government, plunging France into its second major political crisis in six months."
  • Clovis Casali at France24 reported a short time ago, “the problem [for Macron] is very simple: He needs to find someone who can get some kind of majority in parliament, with no single party holding an outright majority... He needs to pick a person who will get some kind of majority at the National Assembly, or at least who won't suffer a vote of no confidence,”
  • Polymarket shows considerable uncertainty over the appointment, with the market sensitive to headlines. Centrist François Bayrou remains a slight favourite, with a 31% implied probability of taking the job, down from as high as 70% yesterday. Behind him, five other candidates, including Roland Lescure, Bernard Cazeneuve, Catherine Vautrin, David Lisnard, and Sébastien Lecornu are also considered credible selections.
  • Politico notes that Macron risks another government collapse if he selects Bayrou: "Representatives from different left-wing parties have already made clear that they are against Bayrou’s potential appointment."