The recent surge in French bond yields due to the upcoming election has sparked discussions regarding potential ECB interventions. Despite the market turbulence, ECB policymakers have not expressed plans to initiate emergency purchases of French bonds. According to five ECB sources who chose to remain anonymous, there has been no deliberation on activating an emergency
The Bank of England is scheduled to hold a meeting on Thursday at 11:00 am GMT, amidst the backdrop of a General Election in the country. This event has added an element of complexity to trading decisions, as the central bank is expected to maintain a cautious stance ahead of the election to avoid creating
China’s Premier Li Keqiang began his four-day trip to Australia with a low-key start by visiting a South Australian winery and the Adelaide Zoo. His visit is the first by a Chinese premier in seven years, demonstrating the importance of the relationship between the two countries. During his visit to the Adelaide Zoo, Premier Li
Economists are forecasting changes in the Judo Bank Services PMI and Manufacturing PMI for the upcoming months. The Services PMI is expected to increase, while the Manufacturing PMI is predicted to fall. These numbers play a crucial role in impacting buyer demand for the Aussie dollar. The services sector in Australia holds significant weight in
As France gears up for a surprise parliamentary election, the rise of far-right and leftist parties has put President Emmanuel Macron’s centrist administration on edge. Marine Le Pen’s far-right National Rally party is currently leading in opinion polls, signaling a potential shift in the country’s political landscape. The National Rally has hinted at policies such
French Finance Minister Bruno Le Maire has issued a stark warning about the potential for a financial crisis if either the far-right or far-left political parties gain power. He emphasized that their heavy spending plans could lead to detrimental consequences for the economy. Market Volatility and Political Shocks Historical data shows a clear correlation between
In a market where concentration risk is a concern for investors, exploring value-oriented investments could be a wise decision. According to Phil McInnis, the chief investment strategist at Avantis Investors, taking a more diversified approach can provide better long-term returns compared to simply relying on index funds like the S&P 500. By focusing on companies
Brazil’s President Luiz Inacio Lula da Silva made it clear that he is willing to consider the Finance Minister’s proposals for spending cuts, but he highlighted that any fiscal adjustments should not come at the expense of the poor. Lula emphasized the need to avoid unnecessary spending while facing pressure from investors to reduce expenditures
Italian Prime Minister Giorgia Meloni, who took office in 2022, has been viewed as a pragmatic leader, willing to collaborate on major international issues despite her conservative background. However, during the recent Group of Seven summit held in southern Italy, Meloni asserted her nationalist camp’s values on family and reproductive rights, challenging the expectations of
During the Ukraine peace summit in Lucerne, Switzerland, U.S. Vice President Kamala Harris revealed that the United States would be providing more than $1.5 billion in aid to Ukraine. This aid is primarily aimed at assisting Ukraine’s energy sector and addressing the humanitarian crisis that has arisen as a result of Russia’s invasion of Ukraine
The recent turmoil in Indonesia’s currency and bond markets following a report suggesting that President-elect Prabowo Subianto planned to increase the country’s public debt to 50% of GDP has been clarified by a senior aide. Thomas Djiwandono has emphasized that there are no such plans in place and that Prabowo will adhere to legal limits
The recent movement of the Japanese yen exchange rate paired with the US dollar has left many investors disappointed by the end of the week. Following the Bank of Japan’s June meeting, where the interest rate remained unchanged, the USD/JPY pair rose to almost 158.00. This outcome was in line with expectations, as the BoJ