Crude Oil on the Cusp: Hormuz Blockade Threats Fuel 15% Rally Toward USD 85 Target 
BTC Blasts +$3,500 to $66,300 High — ETF Inflows Spark Institutional Comeback, Bulls Target $75K 
Does international law still matter? The strike on the girls’ school in Iran shows why we need it 
Failure of US-Iran talks was all-too predictable – but Trump could still have stuck with diplomacy over strikes 
Booked to travel through the Middle East? Here’s why you shouldn’t cancel your flight 
Bitcoin Defies Geopolitical Gravity: Institutional Inflows Fuel Bullish Rebound Toward USD 70,000 
France , second largest economy in Euro Zone and is consistently lagging its larger partner Germany in economic activity.
European Central Bank's record easing program has reduced overall financing cost and pushed Euro down making Euro zone products competitive in global markets.
In spite of these benefits French manufacturing still remains drag on overall Euro zone economic activity as policymakers haven't just pursued policies, which would benefit its ailing manufacturing sector.
Key highlights from August manufacturing PMI -
- Business conditions in the French manufacturing sector deteriorated again in August. The headline PMI came at 48.3, down from 49.6 in July, lowest in four months.
- Production remained drag, thanks to reduction in new orders, which is now in decline for sixteen consecutive months.
- Latest data pointing to reduction in recruitment further in the sector.
France is experiencing high level of unemployment close to 10% unlike its Larger partner Germany. So while weaker Euro benefitted manufacturing with rising export orders, it is providing no help to domestic demand.
This makes France in vulnerable position with French Finance Minister Michael Sapin waiting for growth to improve debt to GDP and deficit ratios rather than pursuing reforms.
