The global markets are currently on edge as Asian markets cautiously assess the impact of the recent success of right-wing parties in the European Union on the cohesion of the bloc. While EUROSTOXX 50 futures have shown a slight uptick of 0.2%, FTSE futures remain stagnant. The euro is holding steady at $1.0766, slightly above
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European tech stocks like Infineon Technologies and SAP experienced losses, while auto stocks had a mixed session with companies like Daimler Truck Holding and Volkswagen declining, and others like Mercedes Benz Group and Porsche advancing. The upcoming speech by ECB Chief Economist Philip Lane could provide insights into inflation, economic outlook, and ECB interest rate
Following the recent US Job Report, there are expectations of a pickup in hiring which could potentially support wage growth. This increase in wages may lead to higher trends in disposable income, ultimately fueling consumer spending and demand-driven inflation. The net effect of this could result in a higher-for-longer Fed rate path to raise borrowing
It is often considered unusual for gold prices to be strong alongside equities. Typically, when stock prices rise, it indicates a risk-on environment, while gold demand tends to increase during times when investors seek a safe haven. However, as of late May, front-month Gold futures prices were up 17% year-to-date, while the S&P 500 had
As investors gear up for the new trading week, the European political landscape is shrouded in uncertainty. The recent European Parliament elections have resulted in a significant gain for eurosceptic-nationalists, displacing liberals and greens. Additionally, President Emmanuel Macron’s decision to dissolve the French Parliament and call for early legislative elections has added to the instability
Pakistan’s coalition government is gearing up to announce ambitious fiscal targets in the upcoming 2024/2025 budget. The budget, set for July-June, is crucial in strengthening Pakistan’s case for securing a new bailout deal with the International Monetary Fund (IMF). As the economy faces challenges, officials and analysts anticipate significant measures to bridge the revenue-expenditure gap
Recent data from the Recruitment and Employment Confederation in the UK revealed that the fall in permanent hiring by employers in Britain was the least severe in over a year in May. This is a promising sign that the recruitment market might be on the brink of a recovery. The report indicated that permanent hiring
The recent shock election called by French President Emmanuel Macron has sent ripples through the euro and European markets. The euro has skidded, falling 0.3% to a one-month low of $1.0764, while also slumping to a 21-month low against the pound. EuroSTOXX 50 equity futures have dipped by 0.4% and French bond futures have also
The recent US Jobs Report has had a significant impact on the USD/JPY exchange rate, pushing it closer to the 157 level. With the US CPI Report on the horizon, investors are closely watching for potential shifts in the value of the Japanese Yen. The increase in average hourly earnings by 4.1% year-on-year in May
The Group of Seven (G7) wealthy democracies are gearing up to send a firm message to small Chinese banks about their involvement in assisting Russia in evading Western sanctions. Leaders from the G7 countries are expected to have intense conversations during their upcoming summit in Italy about the growing trade relationship between China and Russia
In the wake of Chanel’s top designer’s departure, the $1.62 trillion luxury goods industry is experiencing significant upheaval. This departure has sent ripples not only through Chanel but across all major global players at a time when the industry as a whole is at a crossroads. Traditionally, the playbook for top fashion labels like Chanel,
When it comes to the luxury real estate market, iconic homes carry a certain premium that is hard to fully quantify. Real estate experts suggest that buyers are often willing to pay extra for the pedigree that comes with owning a piece of pop culture history. Comparing it to owning a rare piece of art