Le Pen Is Mightier Than the Deficit
Wednesday 7th October 2026
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The S&P 500 has notched its first fresh all-time high since August, supported by optimism ahead of the Q3 earnings season and steadying US Treasury yields. On today’s edition of the NAB Morning Call, Phil is joined by NAB’s Gavin Friend to dissect the market moves—starting with a sharp pullback in French bond yields after far-right National Rally leader Marine Le Pen pledged a "golden rule" deficit reduction plan to stabilize public finances. The pair also explore the…
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