Euro rises due to French election results, Chinese stocks fall due to weak factory activity.

From Yahoo Finance: 2024-06-30 23:12:38

The euro rose as Marine Le Pen’s far-right party struggles in French elections, easing concerns about France’s public finances. Asian shares gained, but Chinese stocks fell after a report showed factory activity contracted. Japan sees confidence among large manufacturers rise as central bank considers rate hike. US economy shows signs of cooling without lasting damage to consumers. Traders evaluate China’s economic outlook and geopolitical risks in Europe and the Middle East. Key events this week include reports on Australia retail sales, Japan Tankan, Eurozone CPI, UK general election, US nonfarm payrolls, and more. Stocks and currencies move accordingly, with the S&P 500 and Euro Stoxx 50 futures rising, while the Bloomberg Dollar Spot Index falls and the euro climbs against the dollar.

Bitcoin and Ether see gains, while bonds and commodities remain stable. Overall, markets react to political and economic developments worldwide, as investors monitor central bank decisions and economic indicators for signs of recovery or further strains on the global economy.



Read more at Yahoo Finance: Euro Rises After French Vote, China Shares Slip: Markets Wrap