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
Markets assess Donald Trump was the victor in the first US presidential debate against Joe Biden on Thursday and investors are “already busy” re-evaluating their portfolios to align with the anticipated economic policies that a Trump administration might pursue. Following the head-to-head TV debate, online prediction market PredictIt showed Biden’s odds down to 39% from … Read more
Stocks in certain sectors are likely to see notable benefits if Sir Keir Starmer’s Labour party wins in the July 4 elections, as anticipated, according to the CEO of a leading advisory and asset management group. Three in particular stand out as key winners of a Labour win, said Nigel Green, CEO of deVere Group. “While … Read more
Labour could have stealth plans to raise Capital Gains Tax (CGT), the CEO of a leading independent financial advisory and fintech warned, after Labour soared ahead in polls, positioning Sir Keir Starmer’s party for a landslide victory on July 4. This means analysts are ramping up scrutiny on how it is to fund its ambitious … Read more
The EURUSD pair edged higher in early Asian trading on Tuesday and is currently in the 1.0765-1.0770 range, albeit lacking strong follow-through buying. Moreover, the fundamental backdrop and the technical setup warrant some caution before positioning for an extension of the previous day’s modest rebound from the 1.0735-1.0730 region, or a one-month low. The US … Read more
The EURJPY cross extended its decline near 168.85 during early European trading on Monday, with the Euro attracting some sellers amid the uncertainty over the political scenario in France. President Emmanuel Macron dissolved the French national assembly and announced a snap election after exit polls indicated that his Renaissance party would be defeated by the far-right … Read more
Investors are revising strategies to capitalise on the potential strengthening of the pound (GBP) in the wake of a Labour victory in the UK election on July 4 and increasing political uncertainty in Europe, according to the CEO of one of a leading independent financial advisory and fintech. A Bloomberg survey on Monday suggested that … Read more
A felony conviction just months ahead of a presidential race in the United States is unheard of. Yet Donald J. Trump has become the first former president and the first GOP candidate to be convicted by a New York jury on all 34 counts in his criminal case of hush-money. Trump himself called the verdict … Read more
The European Parliament elections in Cyprus allow Turkish Cypriots to participate as equal citizens, influencing the post-election political scene within the Greek Cypriot community. Turkish Cypriots have a significant privilege in electing six members of the European Parliament, potentially impacting the outcome. AKEL, with the support of leftist Turkish Cypriot parties, aims to leverage this advantage in the upcoming elections, while DISY faces the risk of a significant defeat if it cannot attract Turkish Cypriot voters. DISY’s strategy is to mobilize dissatisfied and disengaged voters to avoid an internal party crisis.
– Cyprus voters will be handed six ballot papers to choose mayors, deputy mayors, municipal councillors, village leaders, council members, district council presidents, and members of the European Parliament.
– The number of mayors has been reduced and the number of deputy mayors has been tripled due to a municipal reform.
– Some new municipalities will have a greater population, while others will be the biggest in area.
– Some municipalities and village councils refused to merge due to personal egos.
– There is frustration among voters about the new roles created and candidates not knowing their duties.
– Local issues are not being discussed, and there is a lack of female participation in MEP and mayoral candidates.
– The turnout on election day could be smaller than ever due to growing apathy.