Economy

The new election in France
Investors in full swing after super election week

Investors are optimistic that there will be a so-called hung parliament after Sunday's new French elections, writes Reuters. The risk that Marine Le Pen's National Assembly would get its own majority shook the markets after the first round of elections when it was feared that the budget deficit would explode. Now the risk premium for buying French bonds instead of German has come down after last week's twelve-year high.

A parliament led by a minority government is also feared to lack the power to reform a strained economy with a rampant budget deficit, writes Bloomberg.

In Britain, investors will be watching how the new Labor government's policies will affect the economy, which is also struggling with large deficits.

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Swedish savings
The Wall Street rally has made Swedish savers record rich

Wall Street has risen to new records this week and this year's rally has made Swedish fund savers record rich. This is reported by Ekonomiekot Extra.

A large part of the savings is in US-heavy global funds, says Fredrik Hård of the Association of Fund Companies to the radio.

- In principle, we have recorded new high levels for fund savings month by month, and most recently when we measured at the end of May, the Swedes' fund assets were at a record high of SEK 7,740 billion.