europeanmarkets
Apart from a slew of important economic data set to be released by major European countries, market reactions to the French election will be particularly scrutinised this week. Additionally, both the US and China are poised to release their inflation data for June, offering clues for the respective central banks' policy outlooks. EuropeThe outcome of the French election may significantly impact both the stock markets and the euro in the region. Equities and the single currency could see further rebound if the far-right National Rally party does not gain enough votes to form a government. Howev...
Euronews (English)
In a seismic shift for the UK's political landscape, the Labour Party has secured a landslide victory in the 2024 general election, winning 410 seats and marking a significant increase of 212 seats from the 2019 elections. After being invited to form a government by the UK's Head of State, King Charles, Labour Party leader Keir Starmer will head to 10 Downing Street, ending the Conservatives' 14-year tenure. The Conservative Party has experienced a dramatic loss, reducing their representation to just 119 seats, a decrease of 249 seats. The Liberal Democrats have made notable gains, securing 71...
Euronews (English)
Risk-on sentiment resumed in European stock markets this week as the potential outcome of the French election appears to be less disruptive. Across the Atlantic, Wall Street extended its record-breaking momentum due to growing expectations for the Federal Reserve to commence rate cuts sooner. Asian markets also posted positive weekly performance, following global trends. Europe All European benchmarks experienced a sharp rebound this week as the first round of the French election indicated that the far-right party may not achieve an absolute majority to take over legislative power in parliamen...
Euronews (English)
Global government bond yields fell amid cooling inflation data from the eurozone and weakened US economic data on Wednesday. The decline in bond yields reflects growing expectations for central banks to lower interest rates, which boosted stock markets on both sides of the Atlantic. The outperformance was particularly evident in mining and stocks due to a surge in commodity prices, spurred by a weakened US dollar. Technology shares also performed strongly amid the ongoing AI frenzy. European stock markets and euro experience reboundStock markets across Europe experienced a broad rebound on Wed...
Euronews (English)
The first round of the French legislative elections has concluded with Marine Le Pen's National Rally securing 33% of the votes, leading over the left-wing bloc's 28% and President Emmanuel Macron's centrist alliance, which garnered 22%. As the nation heads towards the second round of voting on July 7, the possibility of forming France's first far-right government since World War II looms, with 28-year-old Jordan Bardella poised to become Prime Minister. The key question is whether the far-right will achieve an absolute majority, a scenario that would significantly impact French fiscal policy ...
Euronews (English)
The first round of the French election showed that Marine Le Pen's far-right National Rally (NR) Party may not be able to secure enough votes for an absolute majority, increasing the possibility of a hung parliament. The outcome buoyed the euro, with the single currency opening higher against most other G-10 currencies during the Asian session on Monday, as investors were relieved from the severe economic and political disruptions that could have ensued if Le Pen's party had won a monopoly on power. A possible hung parliamentOver the weekend, voter turnout in the French election reached 59.4%,...
Euronews (English)
Financial markets will focus on several key economic data points that could shape market trends for the week. The Eurozone is set to release its estimated inflation reading for June, while leaders of global central banks are poised to speak at the ECB Forum. Additionally, the US is scheduled to release key jobs data, which will provide insights into the Fed’s interest rate trajectory. The UK's general election will also be in the spotlight. EuropeGermany will report its preliminary CPI for June. The country’s annual inflation increased to 2.4% in May, the highest in five months. Costs in servi...
Euronews (English)
Political uncertainties continued to weigh on market sentiment in Europe, with most regional stock markets heading for a negative close this week. On the other side of the Atlantic, Wall Street extended its upward momentum amid a rally in tech stocks. Meanwhile, equities across Asia are mixed due to varying economic dynamics. EuropeMost European benchmarks are lower in their weekly performance, with the Euro Stoxx 600 down 1.07%, the CAC 40 down 1.28%, and the FTSE 100 falling 0.70%. The DAX is the only index in positive territory, up 0.23% over the past five trading days. Equities in France a...
Euronews (English)
The European stock markets stabilised this week after a sharp decline due to political uncertainties. The French government bond yield held steady following the first bond sale since Macron called for a snap election, suggesting that risk-off sentiment has somewhat faded. Across the Atlantic, the US markets continued to reach all-time highs, driven by AI stocks. In Asia, major indices paint a mixed picture for the week. In commodities, crude prices hit a nearly two-month high on an optimistic demand outlook as the northern hemisphere enters a hot summer. A withdrawal in the US inventory data h...
Euronews (English)
European stock markets have been notably weaker than their US peers since the EU Parliamentary elections in the past two weeks. While Wall Street repeatedly hit its all-time highs on an AI-led rally, benchmarks in Europe continued to be under pressure, highlighting dampened investment confidence in the regional market. European markets underperform peers due to less tech powerAside from the political impact, another factor that made European markets less competitive is that the regional stocks are less weighed by technology components. On monthly performance, France's CAC 40 tumbled 7.64%, the...
Euronews (English)
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