July 3, 2024
Finance

Euro Drops, Stocks to Fall After Macron’s Setback: Markets Wrap

(Bloomberg) — The euro fell to its lowest in a month after French President Emmanuel Macron called a snap vote in the wake of European Parliament elections. Asian currencies declined on the heels of a strong US jobs report from Friday. Most Read from Bloomberg The common currency dropped as much as 0.5%, retreating alongside

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Finance

German Finance Minister Standing Firm on 2025 Budget Restraint

(Bloomberg) — German Finance Minister Christian Lindner won’t yield to pleas from some of his cabinet colleagues for more money in next year’s budget and will stick firmly to his goal of enforcing strict borrowing rules, according to one of his deputies. Most Read from Bloomberg Defense Minister Boris Pistorius, Foreign Minister Annalena Baerbock and

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Finance

Mnuchin Says Strong Dollar Helps, for Now, in Financing US Debt

(Bloomberg) — Former Treasury Secretary Steven Mnuchin said a strong dollar is an advantage in helping the US to finance large fiscal deficits for now, but called on the winner of November’s presidential election to lead a new initiative to rein in the federal debt burden. Most Read from Bloomberg “I think it is a

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Finance

Stocks Get Hit as War Jitters Fuel Rush to Bonds: Markets Wrap

(Bloomberg) — The financial world was roiled by a flare-up in geopolitical risks that sent stocks sliding — while spurring a flight to the safest corners of the market such as bonds and the dollar. Oil rose. Most Read from Bloomberg Equities saw their worst day since January after a news report that Israel was

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