June kicks off with a series of big election results around the world - with big landslides unfolding for favoured candidates in Mexico and India - while...
June kicks off with a series of big election results around the world - with big landslides unfolding for favoured candidates in Mexico and India - while Wall Street has perked up in a key week for the U.S. labour market.
Back on Wall St, the new month kicked off in a better mood than the wobbly final week of May - in part thanks to a late rally in U.S. stocks on Friday amid hopes the economy and inflation were cooling enough to allow the Federal Reserve ease later this year. In the meantime, the Atlanta Fed's real-time "GDPNow" estimate for U.S. growth this quarter slipped back almost a full percentage point over the week to 2.66%.
The gap between French and German 10-year government bond yields narrowed slightly even after Standard & Poor's cut its rating on France's sovereign debt late Friday - a move market participants said had been widely expected. The confidential filing could take place as soon as the coming week, the report added, citing sources. The fast-fashion company stepped up preparations for its London listing after its attempt to float itself in New York faced regulatory hurdles and pushback from U.S. lawmakers.* US Treasury auctions 3-, 6-month bills
Mike Dolan Andres Manuel Lopez Obrador Prime Minister Narendra Modi Election Results Global Markets Presidential Election Mexico African National Congress Bharatiya Janata Party
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