The recent European Parliament elections have left investors in a state of uncertainty regarding the political landscape in Europe. The rise of eurosceptic-nationalists has caused a significant shift in power, displacing liberals and greens. President Emmanuel Macron’s decision to dissolve the French Parliament and call for early legislative elections following a defeat to Marine Le
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It is not uncommon for gold prices to rise alongside equities, contrary to popular belief. While many may view higher stock prices as a sign of a risk-on environment, gold demand often increases when investors seek a safe haven. Looking back at historical data, we can see instances where gold rallied alongside the equity market.
Pakistan’s coalition government is gearing up to unveil its fiscal targets in the 2024/2025 budget, which is expected to play a crucial role in securing a much-needed bailout deal with the International Monetary Fund (IMF). The proposed budget is aimed at addressing the widening gap between revenue collection and total expenditure in order to meet
The USD/CHF pair is holding steady near 0.8970 in the early European session as the US Dollar gains strength following the unwinding of Fed rate-cut expectations. The recent US Nonfarm Payrolls report for May showing strong labor demand and wage growth has dampened dovish sentiments ahead of the Fed’s September meeting. The shift in market
French President Emmanuel Macron’s decision to call for snap elections after the EU elections came as a surprise to many. His acknowledgment of the defeat suffered by his alliance to Marine Le Pen’s far-right National Rally (RN) party led to the dissolution of parliament. Macron emphasized the need for a clear majority to ensure stability
The US Jobs Report released on June 7 had a significant impact on the USD/JPY exchange rate, pushing it towards the 157 level. The report exceeded expectations, leading to speculation about the future direction of the exchange rate. This could potentially force the Bank of Japan (BoJ) to consider implementing measures to strengthen the Japanese
Recent data from the Recruitment and Employment Confederation revealed that the decline in permanent hiring in Britain was the mildest in over a year in the month of May. This positive development is seen as a significant step towards the recovery of the recruitment market in the country. According to the report, there has been
The euro took a sharp dive as French President Emmanuel Macron decided to call for a surprise election following a defeat in the European Union vote by the far-right. The currency fell by 0.3% in Asian trading, reaching a one-month low of $1.0764. Additionally, it plummeted to a 21-month low of 84.60 pence. This sudden
Iconic homes once owned by celebrities have always captured the attention of the public and lately, they have been in high demand among the uber-wealthy. These properties often come with a hefty price tag that goes beyond what the average market equivalent would cost. Real estate experts have noted that there is a certain prestige
The Group of Seven (G7) wealthy democracies are gearing up to issue a stern warning to smaller Chinese banks regarding their involvement in helping Russia evade Western sanctions. The upcoming summit, scheduled to take place from June 13-15 in Italy, will see leaders delving deep into discussions on the burgeoning Chinese-Russian trade and its implications
Chanel, one of the top luxury fashion labels in the world, faced a significant event with the departure of its top designer. This departure sent ripples across the $1.62 trillion luxury goods industry as it signaled a shift in the industry dynamics. The departure of Chanel’s designer, Virginie Viard, who succeeded Karl Lagerfeld, raised questions
Israeli Finance Minister Bezalel Smotrich has called for talks next week to draft the 2025 state budget. These discussions are described as “marathon discussions” and are aimed at moving the economy forward from a war that has put a strain on public finances. The Finance Minister stressed the importance of boosting growth during these talks.