Euro Falls After Elections, Japanese Shares Rise: Markets Wrap
==========
The euro fell to its weakest in nearly a month after French President Emmanuel Macron and German Chancellor Olaf Scholz suffered defeats in the European Parliament elections. Japanese shares opened higher thanks to robust economic data. Japan’s Topix rose 0.5% after data on Monday showed the country’s economy contracted less than initially estimated in the first quarter. The yield on 10-year Treasuries advanced after surging Friday, when a solid US jobs report spurred a rethink on Federal Reserve interest-rate cuts and eased concern about an economic slowdown. Upcoming data highlights this week include UK wage numbers, China inflation, and US consumer and producer price figures. Economists at Citigroup Inc. and JPMorgan Chase & Co. changed their calls for a Fed cut in July after the jobs report. Citi’s Andrew Hollenhorst now sees cuts in September, November, and December. JPMorgan’s Michael Feroli predicts a Fed reduction in November. Investors may glean more on the Fed’s resolve to ease monetary policy when US policymakers update their forecasts for interest rates Wednesday. Some key events this week include the FOMC decision, quarterly summary of economic projections, and Fed Chair Jerome Powell’s press conference on Wednesday, and the Japan rate decision on Friday.
#Euro #JapaneseShares #EuropeanParliamentElections #EconomicData #FederalReserve #InterestRates
https://finance.yahoo.com/news/euro-falls-elections-us-stock-222715246.html
Yahoo Finance /
npub1j0e…3yhd
2024-06-10 03:12:29
Author Public Key
npub1j0e6zhr82q4par2f4ecr67zvj0ltv8qgqr8v3llw2ed6qvdrm4fs9s3yhdPublished at
2024-06-10 03:12:29Event JSON
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"content": "Euro Falls After Elections, Japanese Shares Rise: Markets Wrap\n==========\n\nThe euro fell to its weakest in nearly a month after French President Emmanuel Macron and German Chancellor Olaf Scholz suffered defeats in the European Parliament elections. Japanese shares opened higher thanks to robust economic data. Japan’s Topix rose 0.5% after data on Monday showed the country’s economy contracted less than initially estimated in the first quarter. The yield on 10-year Treasuries advanced after surging Friday, when a solid US jobs report spurred a rethink on Federal Reserve interest-rate cuts and eased concern about an economic slowdown. Upcoming data highlights this week include UK wage numbers, China inflation, and US consumer and producer price figures. Economists at Citigroup Inc. and JPMorgan Chase \u0026 Co. changed their calls for a Fed cut in July after the jobs report. Citi’s Andrew Hollenhorst now sees cuts in September, November, and December. JPMorgan’s Michael Feroli predicts a Fed reduction in November. Investors may glean more on the Fed’s resolve to ease monetary policy when US policymakers update their forecasts for interest rates Wednesday. Some key events this week include the FOMC decision, quarterly summary of economic projections, and Fed Chair Jerome Powell’s press conference on Wednesday, and the Japan rate decision on Friday.\n\n#Euro #JapaneseShares #EuropeanParliamentElections #EconomicData #FederalReserve #InterestRates\n\nhttps://finance.yahoo.com/news/euro-falls-elections-us-stock-222715246.html",
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