French political turmoil cannot stop the rise of European stocks, Wall Street optimistic about European fundamentals.

According to the Zhixin finance and economics app, despite the turbulence in the French political situation, top Wall Street institutions believe that this is not enough to shake the strong performance of European stock markets so far this year. French Prime Minister Beru unexpectedly announced a vote of confidence on budget issues on Monday, causing a brief market shock, with the French CAC 40 index falling by 3.3% in two days, and the spread between French and German 10-year government bonds widening to 80 basis points, a new high since April. However, strategists from institutions such as Goldman Sachs, Citigroup, and JPMorgan Chase pointed out that historic fiscal reforms in Germany and the overall economic growth prospects in Europe effectively hedge against the spillover effects of political risk in France.