The Swiss Federal Council reaffirms commitment to the Basel III timeline, setting the finalized standard to take effect in Switzerland on January 1, 2025. Despite delays in some countries, the Council sees no reason to deviate from the original schedule, aiming to strengthen banks’ solvency and liquidity through the international Basel Committee’s reform package. The Federal Department of Finance has been tasked to provide updates on the global implementation of the standard by the end of July 2024.
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French Snap Elections Raise Investor Concerns Over Far-Right Party’s Potential Victory
The possibility of the far-right National Rally party winning the upcoming French parliamentary elections has raised concerns among investors, leading to a selloff of French stocks and bonds. The chief executive of Paris stock market operator Euronext expressed worries about the potential government inexperience and extreme policy solutions from both ends of the political spectrum.
read moreFrench Snap Elections Raise Investor Concerns Over Extreme Party’s Potential Rise
The possibility of the far-right National Rally party winning the upcoming French parliamentary elections has raised concerns among investors, leading to a selloff of French stocks and bonds. The chief executive of Paris stock market operator Euronext expressed worries about the potential impact of a politically extreme party with little government experience coming into power.
read moreElection Impact on Global Financial Markets: A Forecast for Investors
Elections worldwide are causing market volatility, with surprising results leading to fluctuations in stock and bond markets. Investors are bracing for uncertainty as upcoming elections in the UK and the US could impact fiscal policies, potentially affecting government debt and interest rates. Despite the unpredictability, professional investors are focusing on long-term trends and planning for the future.
read moreGlobal Stock Markets React to Election Results: Implications for Investors
Elections worldwide have been causing significant market volatility, with surprising results leading to fluctuations in stock and bond markets. The upcoming U.S. presidential election is expected to bring uncertainty, particularly in the bond market, as potential changes in fiscal policy could impact government debt and interest rates. Despite this, the U.S. stock market has historically shown resilience regardless of which party controls the White House.
read moreGautam Adani Predicts India’s $36 Trillion Stock Market Growth by 2050
Indian business magnate Gautam Adani predicts that India will add $36 trillion to its stock market capitalization over the next 26 years, with the country on track to become a $30 trillion economy by 2050. Adani also highlights the unprecedented infrastructure capex cycle underway in India, emphasizing the significant impact of governance and policy on the country’s growth prospects.
read moreBank of Japan Governor Presents Semiannual Currency and Monetary Control Report
The Bank of Japan’s Governor, Kazuo Ueda, presented the Semiannual Report on Currency and Monetary Control to the Committee on Financial Affairs in Tokyo on June 18, 2024. The report outlined the Bank’s strategies and actions regarding currency and monetary control, providing insights into the country’s economic policies and future directions. Governor Ueda’s statement shed light on the Bank’s approach to addressing financial challenges and maintaining stability in the ever-evolving global economic landscape.
read moreIndia’s Coal Import Rises by 13.2% in April 2024
India’s coal import increased by 13.2% to 26.10 million tonnes in April 2024 compared to the previous year, as per data from mjunction services ltd. The country’s coal and coke imports through major and non-major ports also rose by the same percentage over April 2023, prompting calls from the coal and mines minister to boost domestic production and reduce imports.
read moreParis Loses Position as Europe’s Largest Equity Market to London
London has overtaken Paris as Europe’s largest equity market, with French political turmoil causing a $258bn drop in market capitalisation. President Macron’s call for a snap election has led to uncertainty, impacting stock and bond markets, while the UK’s perceived lower uncertainty has strengthened its position.
read moreEuropean Stocks Mixed as Markets Recover from Recent Election Upsets
European stock markets opened mixed as they recovered from recent election upsets across the region. The CAC 40 in France rose 0.2% to 7,516.49 amidst pressure on President Emmanuel Macron due to wins by far-right parties. Meanwhile, Asian shares were mostly lower on weaker China factory data.
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