Spotlight on France: single stock indices, rates prosper, mixed fortunes for decrement

Fluctuation in the bond and equity markets based on the expectation of falling rates at the beginning of 2024 have put full capital guaranteed products in France in a less favourable context. The decrease in interest rates (the five-year rate fell from 3.5% at the end of September 2023 to 2.50% at the beginning of January 2024) has caused a slight pullback from 100% capital guaranteed products, with the market once again slowly turning to products putting capital at risk. Figure 1 shows a shi