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
Australian home prices have continued to rise for the seventeenth consecutive month, according to property consultant CoreLogic. Despite challenges such as high interest rates, a cost of living squeeze, and tight lending conditions, the market has shown resilience. Data from CoreLogic shows that national home prices climbed 0.7% in June from the previous month, with
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
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
French voters have embarked on a crucial journey as they began voting in the first round of a snap parliamentary election that could potentially lead to the country’s first far-right government since World War Two. This unexpected turn of events comes after President Emmanuel Macron’s centrist alliance was defeated in the European elections by Marine
China is facing a challenging economic situation as its manufacturing activity fell for a second consecutive month in June. Additionally, services activity also reached a five-month low. The National Bureau of Statistics (NBS) reported a purchasing managers’ index (PMI) of 49.5 in June, which was consistent with the previous month and below the 50-mark indicating
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
As we enter the second half of the year, there is a sense of anticipation in the air regarding both value and growth stocks. Todd Rosenbluth, the head of research at VettaFi, suggests that value stocks may be on the brink of a bullish move after being overshadowed by growth stocks in recent times. According
A recent decision by U.S. District Judge Sean Jordan in Sherman, Texas, has temporarily blocked a Biden administration rule that would have extended mandatory overtime pay to 4 million salaried U.S. workers. This ruling has sparked debate and legal challenges, with significant implications for both employers and employees across the country. Legal Basis of the
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
The Nasdaq and the S&P 500 have hit record highs after an in-line inflation report provided hope for potential interest rate cuts in September. However, despite this positive development, certain key players in the market faced setbacks, such as Nike (NYSE:NKE) experiencing its largest one-day decline in over two decades due to a gloomy forecast.
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