France finds itself in the depths of a political crisis once again as it cycles through five prime ministers in 21 months – hardly good news for any investor looking to park money in Paris.

Markets will likely face a second day of turmoil in Europe on Tuesday after Prime Minister Sebastien Lecornu’s shock resignation. That came just hours after announcing his cabinet line-up, making it the shortest-lived government in modern French history.

French President Emmanuel Macron has tasked Lecornu to hold last-ditch talks with other political parties to try to chart a path out of the crisis, but regardless, the damage has already been done.

French OAT futures FOATc1 were down slightly in the Asian session after bonds tumbled on Monday, and focus will also be on Paris’ CAC FCHI when mark

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