Navigating the Global Economic Landscape in June: Key Events and Trends

In the upcoming week, there are several key events in business and finance that are worth watching. In the U.S., economists are predicting an increase of 180,000 jobs in June, following a surprisingly high increase of 272,000 jobs in May. The Federal Reserve recently decided to keep interest rates steady and postponed any rate cuts.

Meanwhile, France is gearing up for its snap election on Sunday, which has caused some unease in the markets. Despite concerns over increased spending, Marine Le Pen’s far-right National Rally party has reassured that they will be fiscally responsible. However, French bank stocks are still facing significant losses.

In Britain, the Labour Party is expected to win by a landslide on Thursday. This potential outcome has the potential to boost UK stocks and government bonds, with the trade-weighted sterling bouncing back to pre-Brexit levels. The Institute for Fiscal Studies has warned of looming fiscal challenges that both parties have yet to address.

The Federal Reserve’s reluctance to cut interest rates, coupled with a strong dollar, is limiting the possibility of rate cuts in Asia. Inflation in most emerging Asian economies has been within central banks’ targets