World stocks at record high, UK Labour landslide and US payrolls hog spotlight

FILE PHOTO: A man walks past the London Stock Exchange in the City of London October 11, 2013.REUTERS/Stefan Wermuth//File Photo

The market focus in Europe was quickly shifting from the UK election - where Thursday's vote outcome was widely anticipated - to Sunday's second-round election in France. French stocks have recovered ground after they were sold off sharply following the surprise election announcement last month. The euro has benefited from renewed U.S. rate-cut speculation.

"That, in combination with weaker U.S. data, is positive for the inflation outlook and that means rate cuts are back on the cards again," he said. Zurich's Miller noted a weakening in recent employment data and said a softer-than-expected payrolls number would support the case for a U.S. rate cut in September.

"If the polls eventually prove accurate, this would mean the more extreme policies of fiscal expansion and immigration curbs are unlikely to pass," said MUFG analyst Michael Wan.

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Jobless claims surge, signalling slowdown in labour marketLatest Breaking News
Fuente: IndependentSG - 🏆 9. / 63 Leer más »

London regains stock market crown as turmoil hits ParisLONDON: The London Stock Exchange is once again Europe's biggest stock market by valuation after reclaiming the crown from Paris as France is rocked by political turmoil. The combined market capitalisation of all London-listed companies reached US$3.
Fuente: ChannelNewsAsia - 🏆 6. / 66 Leer más »

Singapore labour market expands in Q1; non-resident employment downNon-resident employment in Singapore declined for the first time since the third quarter of 2021.
Fuente: ChannelNewsAsia - 🏆 6. / 66 Leer más »