Investors fear potential debt crisis in France as Marine Le Pen gains popularity

City traders are selling off French bonds amid fears of a debt crisis in Europe's second-largest economy. Investors are withdrawing money from French government debt ahead of a possible victory for Marine Le Pen's National Rally at the upcoming snap election. France's finance minister warned of a potential crisis if Le Pen's party succeeds. Investment manager Alex Everett stated that French debt markets are pricing in political and credit risk, leading to Abrdn avoiding French bonds in favor of safer investments. French borrowing costs have risen, and economists warn of the impact on the economy if Macron loses the election. The European Central Bank may not intervene in the event of a debt crisis in France. The yield on France's 10-year bonds has increased, and market fluctuations have affected Boeing shares and currency exchange rates. US economic indicators suggest potential interest rate cuts by the Federal Reserve. The pound has weakened due to tax plans outlined in the Labour manifesto. Wise's stock prices have dropped, and the FTSE 100 has fallen following announcements from central banks regarding interest rates.