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Macron loses voters to far-right over pensions

BLOOMBERG Marine Le Pen’s far-right party is biggest beneficiary of French discontent over President Emmanuel Macron’s decision to push through an increase in the retirement age, according to a survey by pollster Ifop for Le Journal du Dimanche newspaper. If legislative elections were to take place on April 2, 26% of the 1,094 adults interviewed via the Internet March 20-21 ...

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US futures, European stocks rise as banks rally; Treasuries drop

BLOOMBERG US futures rose with European stocks as the prospect of further support from US authorities eased some concerns over the troubled regional banking sector. Contracts on the S&P 500 rose about 0.3%. First Republic Bank shares jumped 34%, leading regional peers higher, after Bloomberg reported that US authorities are considering expanding an emergency lending facility that would give the ...

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Earnings next risk to equities, says Morgan Stanley strategist

BLOOMBERG Morgan Stanley’s Michael Wilson — among the most prominent bearish voices on US stocks — says turmoil in the banking sector has left earnings guidance looking too high, putting sanguine stock markets at risk of sharp declines. “Given the events of the past few weeks, we think guidance is looking more and more unrealistic, and equity markets are at ...

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