economic weakness

BoE in focus, gold and oil struggle

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BoE in focus, gold and oil struggle

European markets and US futures are trading higher as investors await two important events that will shape trading activity for the rest of the month. The Dow Jones chart shows bulls taking control, while Airbnb’s weak guidance indicates a potential slowdown in economic activity. The Bank of England is under pressure to lower interest rates, and US unemployment claims data could impact the market. Gold prices are influenced by the dollar index and Fed’s monetary policy, while the OPEC cartel’s meeting on June 1 will be crucial for oil prices.

Germany needs an economic turnaround, says finance minister Lindner

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Germany needs an economic turnaround, says finance minister Lindner

Germany’s economy was the weakest among its large euro zone peers last year, facing challenges like high energy costs and record high interest rates. The International Monetary Fund has cut its GDP forecasts for Germany, expecting 0.2% growth this year and 1.3% in 2025. German Finance Minister Christian Lindner emphasized the need for an economic turnaround to secure the country’s geopolitical position, especially in the face of Russian President Vladimir Putin’s aggression towards Ukraine. Lindner highlighted that economic strength plays a crucial role in geopolitics.

Germany’s Lindner plays down coalition breakup fears, hails ability to compromise

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Germany’s Lindner plays down coalition breakup fears, hails ability to compromise

German Finance Minister Christian Lindner evaded questions about his party leaving the ruling coalition over tough budget talks, stating that compromise has always been reached. Lindner’s comments and low poll ratings have led to speculation about the FDP’s stance on debt-funded public spending. The government is working on the budget for 2025 and the financial plan up to 2028. Lindner aims to achieve an economic turnaround and present a good budget. He presented an idea to free up more funds in budget negotiations by increasing defense spending if debt levels decrease by 2028. Lindner believes it is possible to reach a solution within the current coalition despite challenges.