Economic Indicators and Business Climate in France Under Spotlight for February 2026

As financial markets brace for February 2026, key economic indicators from the US and Europe are expected to drive market volatility and shape macroeconomic expectations. Notable US data releases include Non-Farm Payrolls, the trade balance, and the Michigan consumer sentiment index, all known to significantly influence currency and market movements. Across Europe, unemployment rates and inflation figures from major economies such as Germany, France, and Italy are under scrutiny, with the eurozone’s unemployment recently reported at 6.3%, a decline from 8.4% in 2020, and inflation expected near the European Central Bank’s target of about 2%.

Meanwhile, discussions within France reveal tensions in the business environment. Bernard Arnault, a leading French business figure, has voiced concerns about governmental hostility towards enterprises. Pierre Gattaz, former Medef president, praised Arnault’s economic influence, comparing him to football legend Zidane. Economists Nicolas Bouzou and Thomas Porcher argue over taxation policies, with Bouzou warning that heavy taxes stifle economic dynamism and Porcher noting that Medef has secured most of its tax demands. Contrasting these views, economist Marc Touati highlights a sharp rise in business bankruptcies, indicating significant economic challenges.

Traders are advised to monitor these complex dynamics carefully, as surprises in economic data often trigger sharp market reactions, requiring adaptive strategies to navigate evolving financial landscapes.