The recent first round of France’s parliamentary elections saw Marine Le Pen’s far-right National Rally party emerge victorious. Exit polls indicated that while the RN won the first round, the final outcome will be determined by further negotiations in the run-off next week. The euro experienced a slight increase of 0.23% following the announcement, with
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Recent concerns about the effect of a weak Yen on the Japanese economy have sparked discussions about potential intervention or BoJ support for a July interest rate hike. The possibility of aggressive cuts to Japanese Government Bonds could potentially push the USD/JPY towards 150. While Finance Minister Shunichi Suzuki has hinted at intervention, Bruegel Senior
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The Bank for International Settlements (BIS) has issued a warning regarding the potential impact of rising government debt levels on global financial markets. Elections taking place around the world this year, including major events like the U.S. presidential vote and recent ones in Mexico and South Africa, pose significant risks. With global government debt already
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German Finance Minister Christian Lindner recently announced plans for significant personal income tax cuts to address the impacts of inflation. However, Lindner is facing pushback from members of his government coalition, including the social democratic SPD and the Greens. Despite this opposition, Lindner remains steadfast in his plans to implement tax cuts totaling 23 billion
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Vietnam’s economy experienced a significant acceleration in the second quarter of this year, with gross domestic product expanding by an estimated 6.93% from a year earlier. This growth rate is faster than the 5.87% growth recorded in the first quarter, according to data released by the government’s General Statistics Office (GSO). The country’s economy expanded
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Global equity funds experienced a significant increase in inflows during the week ending on June 26, marking the largest weekly net purchase since March 13. This surge was primarily driven by growing expectations of moderating U.S. inflation levels, which could potentially lead the Federal Reserve to announce interest rate cuts. Investors seem to be betting
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