An increase in government expenditure, and a small cut in income taxes: these are among the key expectations of economists from Finance Minister Nirmala Sitharaman as she presents the final Union Budget for 2024-25 on July 23.Aditi Nayar, Chief Economist at ICRA, and Anubhuti Sahay, Head of India Economic Research at Standard Chartered Bank discussed … Read more
3-minute read Audrey Lane | Special to the USA TODAY NetworkI spent the days leading up to passage of this year’s New Jersey state budget at the Statehouse in Trenton. It was an eye-opening and, at times, frustrating experience. Our state’s economic and fiscal policies are resulting in deficit spending, and the process surrounding those policies … Read more
UK equities’ support following a Labour victory driven by a temporary boost from easing political uncertainty will be limited as the expectation has already been widely priced-in by the markets. Also, for the UK’s stocks to secure robust growth and regain ground against their global peers, three critical factors must align, said the CEO of … Read more
The EURGBP pair is extending its decline to near 0.8465 in early European trading on Thursday. The Euro is edging lower as the softer Eurozone HICP inflation report prompted the expectation of interest rate cuts from the European Central Bank, while market players will closely monitor the UK general elections on Thursday. The upcoming UK … Read more
The UK election’s influence on the pound is likely to be limited amid widespread expectation of a Labour victory, according to the CEO of a leading independent financial advisory and fintech. The prediction from Nigel Green, deVere Group chief executive, comes as Britain heads to the polls on Thursday, July 4, with the current opposition Labour Party … Read more
Analysis: Morningstar DBRS Just a day to the UK general election on 4th July and a change in government looks imminent. The Labour party has continued to lead in the voting intention polls and if polls prove right, Labour will form the next government. After 14 years of a Conservative-led government, a change to Labour … Read more
EURUSD remains on the backfoot on Tuesday, slightly above 1.0700, as the major currency pair comes under pressure due to expected decline in the preliminary Eurozone HICP data for June. The annual Harmonised Index of Consumer Prices decelerated to 2.5%, as expected, year-on-year from May’s reading of 2.6%. In the same period, the core HICP, which … Read more
By Naeem Aslam European and US stock futures are trading higher on the first trading day of the second half of the year, with another reason for traders to feel a little more confident Monday being the news of the first round of the French snap parliamentary election. France is the second-largest economy in … Read more
EURUSD gained 0.50% and jumped to a more than two-week high near 1.0770 in Monday’s European trading. The major currency pair strengthened as initial results of the first round of France’s parliamentary elections on Sunday showed that Marine Le Pen’s far-right National Rally is in a comfortable position, but with a smaller margin than projected … Read more
Debate beat: New Rules Helped Trump “Staged by CNN in an audience-free soundstage in which even competing reporters were banned, the Biden-Trump debate had more ground rules than an Ultimate Fighting match,” grumbles Politico’s Jack Shafer. In advance of the debate, “many assumed that these new rules would hurt Trump” given that “he feeds off live … Read more