As Asian markets cautiously gauge the fallout from the success of right-wing parties in the European Union, there is growing concern about what this might mean for the cohesion of the bloc. While EUROSTOXX 50 futures edged up slightly, the overall sentiment remains cautious. The first opinion poll suggested that the far-right National Rally party
The tech sector experienced mixed results in the latest trading session. Infineon Technologies and SAP both suffered losses, with decreases of 0.78% and 0.30% respectively. This trend could be a cause for concern, as it may indicate a broader downturn in the tech industry that investors should keep an eye on. Similarly, auto stocks displayed
After the recent US Job Report, there are expectations of a pickup in hiring which could potentially support wage growth and increase disposable income. This, in turn, may fuel consumer spending and demand-driven inflation. The net effect of this could lead to a higher-for-longer Fed rate path to raise borrowing costs and reduce disposable income.
The recent pause in China’s gold buying spree is expected to be short-lived, with industry players predicting a resumption once prices ease from the record highs hit in May. China, the biggest official sector buyer of gold, has been steadily increasing its gold reserves for 18 consecutive months. Despite a halt in May, experts believe
GameStop shares took a significant hit, plummeting over 14% on Monday following a rough few days of trading. The downward spiral began after the company released an underwhelming earnings report, which showcased a 29% decline in sales for the first quarter. This disappointing financial outcome set the stage for the stock to drop even further.
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
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