🗽 Zohran Mamdani, Democratic candidate for mayor of New York City, has campaigned on many democratic socialist policies involving finance & business, like rent freezing, landlord crackdowns, and higher taxes on corporations & the 1%.

Here’s how 3 New York bank stocks ($FLG, $DCOM, $FFIC) and 5 New York real estate stocks ($SLG, $VNO, $EQR, $ESRT, $LXP) traded after Mamdani’s victory in the primary.

He will face Republican Curtis Sliwa, independent incumbent Eric Adams, and potentially an independent Andrew Cuomo in the general election.

🕯 CHART WATCH 🕯

🇫🇷 France’s INSEE Household Confidence survey further weakens…

On balance, the INSEE survey remains weak and French consumers are troubled. There had been some recovery in train, through mid-2024. But since then, the recovery has eroded as the chart at the top of this report shows.

🧿 CHART WATCH 🧿