FRANCE ELECTION RESULTS
Bitcoin hits 2-month low on election uncertainty, Mt Gox flows
The world's biggest cryptocurrency has been under pressure in recent months, its slide accelerating this week after the first debate between U.S. presidential candidates Joe Biden and Donald Trump raised the spectre of Biden being replaced as a candidate.
Bitcoin hits two-month low on election uncertainty, Mt Gox flows
The world's biggest cryptocurrency Bitcoin's decline gained momentum this week following the initial debate between US presidential candidates Joe Biden and Donald Trump, which sparked concerns about potential changes in Biden's candidacy. Bitcoin fell more than 2% to $57,843, its lowest since May 2.
Labour predicted to rout Sunak's Conservatives as Britain goes to polls
Britain is poised to elect Labour Party leader Keir Starmer as the next prime minister, ending the Conservative Party's 14-year rule. Polls indicate a significant lead for Labour, reflecting voter desire for change rather than strong support for the party. Starmer promises a new chapter for Britain, while outgoing Prime Minister Rishi Sunak warns of economic risks under Labour. Labour's lead follows Conservative turmoil, including multiple prime ministers and economic instability. Polls open from 7 a.m. to 10 p.m., with results expected early Friday.
In the UK election campaign's final hours, Sunak battles to the end as Labour's Starmer eyes victory
Rishi Sunak, the current UK prime minister, is facing a national election on Thursday, marking the end of his 20-month tenure and the four Conservative prime ministers before him. The Labour Party is expected to elect a government that has not been in power since 2005. Sunak has expressed confidence in the outcome of the election, stating that things have turned a corner. Labour leader Keir Starmer has been campaigning for change, urging voters to support his center-left party.
France Election 2024 results: Marine Le Pen's far-right is winning, claim exit polls
France Election 2024 results are keenly awaited ever since French President Emmanuel Macron called snap elections. However, several exit polls have claimed that Marine Le Pen's far-right National Rally (RN) party is winning the first round of the country's Parliamentary elections.
France elections: France's exceptionally high-stakes election has begun, far-right leads pre-election polls
France elections: Voters in mainland France start casting ballots in a critical legislative election that may lead to far-right control, impacting Europe's financial markets, support for Ukraine, and the management of France's nuclear arsenal and global military forces. The two-round election began in overseas territories and on the mainland at 8 a.m. Sunday, with initial projections due at 8 p.m. and official results later that night.
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JGB yields rise as global politics add to pressure from yen
Japanese bond yields surged on expectations of tighter Bank of Japan policy amid a weak yen. Global concerns over French and U.S. elections drove yields higher. Mizuho Securities forecasts continued increase in bond yields with uncertainty surrounding BOJ's tightening plans and potential rate hike at the July meeting.
French voters propel far-right National Rally to strong lead in first-round legislative elections
The far-right National Rally surged ahead in France’s first round of legislative elections, projected to win about one-third of the national vote. This poses a significant challenge to centrist President Emmanuel Macron. If the National Rally secures a parliamentary majority in the second round, it could form France's first far-right government since World War II. The party's leader, Marine Le Pen, urged voters to help her party achieve a legislative majority, potentially leading to a power-sharing arrangement with Macron.
Euro rises to two-week high after France's far-right wins first-round vote
Amid market volatility, potential alliances to block the far-right have emerged in France's election. The RN party eyes a possible absolute majority, adding to ongoing uncertainty and investor concerns.
Euro rises after France's first-round vote, yen struggles
Recent events in France and Japan, along with global economic indicators, influence currency movements and central bank policies worldwide, reflecting uncertainties in the financial landscape.
Asian stocks stutter, euro gains after first round vote in France
The euro was 0.32% higher at $1.0747, while European stock futures rose 1% as exit polls showed Marine Le Pen's eurosceptic National Rally emerged ahead in the first round of the French vote but with fewer votes than some analysts had forecast.
France is facing an election like no other. Here's how it works and what comes next
French voters face historic snap parliamentary elections that could usher in the first far-right government since WWII or result in no clear majority. Competing blocs include the far-right National Rally, Macron's centrist alliance, and the left-leaning New Popular Front. Outcomes are uncertain, with potential for significant political shifts.
Tech boom leads global markets through first half of 2024
The first half of 2024 was marked by soaring mega caps, political uncertainties, and remarkable movements in commodities and emerging markets. From Nvidia's market value surge to Japan's weakening yen and the rise of cryptocurrencies, the period reflected a mix of challenges and opportunities shaping the global economy.
5 world market themes for the week ahead
Euro 2024 excitement rises with political shifts in Britain and France. M&A activity surges amidst economic uncertainties. Emerging Asia grapples with inflation as central banks navigate rate decisions. Labour's potential win in Britain poses fiscal challenges. The market awaits U.S. job data impact on Federal Reserve's rate policy.
Britain's Rishi Sunak struggles with missteps while trying to lift Conservatives ahead of elections
British Prime Minister Rishi Sunak has faced scrutiny over his political instincts during the general election campaign, which started five weeks ago. His actions have not always reflected the seasoned touch of past leaders like Tony Blair or Boris Johnson, evidenced by some notable campaign missteps.
Sri Lanka reaches deal on debt restructuring with bilateral creditors including India, China and France
Sri Lankan President Ranil Wickremesinghe announced a debt restructuring deal with India, France, Japan, and China, a critical step in economic recovery after the 2022 debt default. Under an IMF bailout program, the agreement is expected to revive stalled foreign projects. Sri Lanka declared bankruptcy in 2022 due to economic mismanagement, COVID-19 impacts, and tax cuts. The deal defers loan payments until 2028 and extends repayment until 2043. Supporters celebrated the announcement in Colombo as it promises to restart crucial infrastructure projects.
Asia shares subdued as inflation, politics loom large
Asia shares subdued awaiting U.S. price data for inflation cues. Markets cautious of Japanese intervention as dollar tests 160 yen level. Geopolitical events like U.S. debate and French election add uncertainty.
France's snap election: How does it work and what's next?
France has 49 million registered voters. There are 577 constituency contests, one for each seat in the National Assembly, the lower house of parliament.
French left vows 'total break' with Macron policies
Left-wing outfits including hard-left France Unbowed (LFI), the Socialist, Communist and Green parties on Thursday agreed an election alliance called the New Popular Front.
Macron urges French to make 'right choice' in election gamble
President Macron has called for snap elections in France after the far right's strong showing in the EU elections. Despite criticism, Macron is confident in the French people's choice. His move aims to keep the far right out of power but has sparked concerns and market instability. Macron's party faces challenges in regaining a majority in the National Assembly. The far right's gains in several European countries have drawn attention, with some seeing a potential shift in European politics.
Giorgia Meloni, Italian PM and far-right leader, wins European Parliament polls, becomes kingmaker in Europe
Italian Prime Minister Giorgia Meloni's Brothers of Italy party secured 28% of votes in the European elections, enhancing her political influence. This result outperformed their 2022 general election showing and came at the expense of Matteo Salvini's League party, which dropped to 8.5%. The centre-left Democratic Party gained 24.5%, while the Five Star Movement fell to 10.5%.
France President Macron dissolves French parliament, calls a snap election after defeat in EU vote
The announcement came after the first projected results from France put the far-right National Rally party well ahead in the European Union's parliamentary elections, handing a chastening loss to Macron's pro-European centrists, according to French opinion poll institutes.
Euro slips to one-month low as Macron calls French election
The euro fell as French President Emmanuel Macron called a shock election after far-right gains in European Parliament elections. U.S. nonfarm payrolls data showed job growth exceeding expectations, impacting Fed rate cut expectations.
Stocks to buy after Lok Sabha Elections Results 2024: 5 stocks with up to 23.2% upside potential
While the 4 June crash eroded investor wealth, it may have eased stretched valuations. Experts believe the BJP-NDA government’s economic agenda will largely remain unchanged, though some priorities will be adjusted. Even before the election-induced jolts, the markets had been witnessing volatility. To counter the near-term shocks, invest in companies that have shown stability in the past.
Millions will vote on Europe's super Sunday, with surveys suggesting a shift to the right
Voters across 20 European nations are casting their ballots in the EU election super Sunday, with concerns over a potential shift to the political right impacting the bloc's decision-making amidst ongoing conflicts and rising anti-migrant sentiment. Populist parties are expected to make gains, potentially reshaping the European Parliament's dynamics. The elections mark a pivotal moment for the EU's future trajectory and international relationships.
Slovaks and others go to the polls in EU elections under the shadow of an assassination attempt
Voters in Slovakia, Italy, and other European Union nations are casting their ballots for the European Parliament on the third day of elections. In Slovakia, an attempt to assassinate populist Prime Minister Robert Fico on May 15 has reverberated throughout Europe. Analysts believe the attack could boost the chances of the premier's leftist Smer party, the senior partner in the governing coalition, to win the vote.
Dutch voters kick off marathon EU elections
Dutch voters kick off EU election marathon, testing far-right shift in EU parliament amid geopolitical uncertainty after Russia's invasion of Ukraine.
Global leaders from P-5 countries applaud Modi’s historic win
While US President Joe Biden, Russian President Vladimir Putin and UK PM Rishi Sunak and telephoned Modi to congratulate Modi, French President Emmanuel Macron sent a congratulatory message. Among the P5 Putin was the first leader to telephone the PM. Meanwhile, the Sri Lankan President, PMs of Nepal, Bangladesh and Mauritius besides the Bhutanese leadership have been invited for the swearing in ceremony likely on June 8.
Biden, Sunak, Macron & Putin laud Modi's victory
World leaders, including US President Joe Biden, UK PM Rishi Sunak, French President Emmanuel Macron, and Russian President Vladimir Putin, congratulated PM Narendra Modi on the BJP-led NDA coalition's historic election victory.
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