Author: Euronews

This week, investors await the eurozone’s flash Q1 GDP and final April CPI figures, alongside crucial US April inflation data, pivotal for central banks’ interest rate decisions and investment sentiment. ADVERTISEMENTSome pivotal economic data will be lined up and drive the financial market sentiment this week. Investors will focus on the Eurozone’s flash first-quarter GDP and the final CPI for April. More importantly, the US is also set to release its April inflation data, which is the primary economic indicator for the Federal Reserve (Fed) in determining interest rates, in turn, impacting investment sentiment.EuropeThe European Commission (EC) will release its…

The primary purpose of Xi Jinping’s three-day visit to Hungary might be to ensure that Hungary can help China gain market share in the EU, as Beijing and Budapest prepare to sign a total of 16 bilateral agreements. Source link

Major European indices have notched up all-time highs, with the FTSE 100 reaching a fresh record following signals from the Bank of England (BoE) indicating an impending rate cut. ADVERTISEMENTEuropean stock markets are poised for a positive weekly close with the FTSE 100 repeatedly refreshing new highs, amid growing bets for central banks to cut interest rates this year. Globally, Wall Street is on track for a three-week winning streak due to a setback in the US government bond yields. Asian stocks are mostly higher, supported by China’s encouraging economic performance.EuropeOn a weekly performance, the FTSE 100 rose by 2.56%,…

Russians to celebrate WWII victory on Vienna‘s streets. Ukraine asks authorities to ban events. ADVERTISEMENTHundreds of Russians marched through Vienna to celebrate the victory over Nazi Germany. Ukraine had asked Austria’s authorities to ban the anniversary celebrations, without success. Some of the participants were highly critical of Europe and Ukraine.Just like in previous years, Ukraine was again unable to obtain a ban on this event in Vienna. According to the Ukrainian embassy, this celebration is anti-democratic and a mockery of all Ukrainians who are currently dying in the Russian war in Ukraine. A Ukrainian protest was held right next to…

Debt in emerging markets such as India and China and stubborn inflation in the US is putting pressure on funding costs. ADVERTISEMENTGlobal debt rose by around $1.3 trillion (€1.2 trillion) in the first three months of this year, reaching a new record high of $315 trillion (€293.5), according to a new report by The Institute of International Finance (IIF).After three consecutive quarters of decline, the global debt-to-GDP ratio resumed its upward trajectory from January to March.Emerging markets are driving the trend, claimed the IIF, with the biggest increases coming from China, India and Mexico.Mature markets, whilst they recorded smaller increases, nonetheless…

Italian welfare systems are already struggling to cope with the ageing of the population, and there is no consensus on what to do about it. Source link

In a pre-election boost for Prime Minister Rishi Sunak, national output surpasses analysts’ expectations. Source link

Last year, Poland voted out a hardline right-wing government, but the right is expected to make EU-wide gains next month. ADVERTISEMENTPoland’s Prime Minister Donald Tusk on Friday announced a reshuffle of his cabinet to replace four ministers running for the European Parliament next month.The changes are also seen as a chance to bring new energy into Tusk’s government, which took office in December and embarked on deep reforms in many areas, including restoring the independence of the judiciary and the media.”Today comes the time of bringing order,” Tusk said, “and this is one of the reasons for which we jointly…

Workers in the South American country are protesting against austerity measures and planned reforms by new libertarian President Javier Milei. ADVERTISEMENTShops, airports, banks, schools and other services remained closed in Argentina on Thursday as part of a 24-hour strike.Workers mobilised against right-wing President Javier Milei, an economist and former media pundit, who won a shock election last year after pledging to kickstart Argentina’s economy.Milei, who carried around a chainsaw during his election campaign, wants to rescue his country from financial ruin by slashing public spending.Argentina is currently sitting under a heavy deficit and has the world’s highest inflation rate, increasing…

Klein’s participation had been in doubt after he failed to perform at two dress rehearsals on Friday. Source link