Currency and bond markets price in fall of France’s government

As France’s National Assembly voted to oust Prime Minister Michel Barnier’s government, we look at how markets have responded to the news. Chief among investor concerns are what this latest chapter in French political life will mean for the country’s growing national deficit and its ability to pay off debt. Credit ratings agency Moody’s said in a note this Thursday that the ouster of the government “reduces the probability of a consolidation of public finances”.