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After Macron’s election gamble, is political risk a new headwind for the euro?
video Financial markets don’t usually pay so much attention to elections for the European Parliament, as national governments are often seen as the bigger force in setting EU policy. However, whilst the outcome of far-right parties faring well was widely predicted, it is the fallout in France, and potentially in Germany too, that is having ripple effects in the markets. President Macron’s Ensemble coalition, made up of liberal-centrist parties, received just 14.6% of the votes, coming second to Marie Le Pen’s National Rally party, which won more than twice that share, gaining 31.4%. When combined with the ... (full story)
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From ec.europa.eu|Jun 13, 2024In April 2024, compared with March 2024, seasonally adjusted industrial production decreased by 0.1% in the euro area and increased by 0.5% in the EU, according to first estimates ...
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From @DeItaone|Jun 13, 2024|7 commentspost: YELLEN: WE ARE CREATING JOBS AT A VERY RAPID PACE post:
U.S. TREASURY'S YELLEN: **LABOR MARKET NOW RESEMBLING PRE-PANDEMIC **WAGES ARE NOT A THREAT TO CONTRIBUTE TO INFLATION **A SIGNIFICANT SHARE OF REMAINING INFLATION REPRESENTS HOUSING COSTS RETURNING TO NORMAL SLOWLY post: U.S. TREASURY'S YELLEN: SUBSTANTIAL LOCK-IN EFFECT IS LIMITING SUPPLY OF HOMES ON THE MARKET post: US TREASURY SECRETARY YELLEN: IF THE DEBT IS STABILISED RELATIVE TO THE SIZE OF THE ECONOMY, THEN WE'RE IN A REASONABLE PLACE.
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- Posted: Jun 13, 2024 5:59am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 2,544
