Market Brief
Daily market recaps with key events, stock movements, and global influences
Wildfires fanned by drought, heat and mistral winds swept southern France this week, with the most destructive blaze starting on 8 July when a car caught fire on the A55 motorway and ignited scrub on the north-western edge of Marseille. The fire burned about 750 hectares, injured roughly 100 people—mostly from smoke inhalation—destroyed 10 homes and damaged dozens more, according to the Provence-Alpes-Côte d’Azur prefecture. No fatalities were reported. Some 1,000 firefighters, backed by four Canadair water-bombers, a Dash aircraft and four helicopters, contained the flames by mid-afternoon on 9 July, allowing officials to declare the blaze “fixed” and lift a temporary lockdown and an airport closure. Rail services resumed gradually, but authorities cautioned that smouldering hotspots could reignite as temperatures remain high and vegetation is parched. Further west, a separate wildfire near Narbonne in the Aude department scorched more than 2,100 hectares before being stabilised on Wednesday evening. Smaller outbreaks in the Gard, Hérault and Var departments were also brought under control, though civil-protection agencies kept much of the Mediterranean coastline on high alert for renewed flare-ups. The early-season fires have revived debate over France’s firefighting capacity. Lawmakers and fire-service representatives noted that the country operates 12 Canadair aircraft, several of which were grounded during last year’s peak season, along with eight Dash planes and 10 water-bombing helicopters. Interior officials said additional resources could be mobilised if concurrent blazes threaten to overwhelm local units.
OptionProbability
92
89
80
78
75
71
65
62
59
58
58
54
50
45
43
41
36
35
32
27
23
22
20
18
18
14
13
12
5
5
OptionProbability
99
99
99
99
99
99
99
99
99
90
85
84
83
83
80
80
76
76
74
72
72
72
72
66
66
66
65
59
50
50
41
34
34
28
24
20
20
18
17
OptionVotes
2690
372
OptionProbability
55
45
OptionProbability
18
7
7
7
6
6
6
6
6
6
6
6
6
3
OptionVotes
139
86
OptionVotes
117
85