Daily Briefing: - Spain's Prime Minister Sanchez and Socialists on course to regain power - EU's Barnier says it's an important week as we await outcome of UK's cross-party Brexit talks - Data from U.S. and China push Asian shares higher
but, as widely predicted, now face weeks of negotiations to form a coalition. Beyond that, however, there are several interesting take-aways from the results so far.
If that is the case, would that weaken leverage for the Catalonia independence drive and so make Spanish politics a little more stable than they have been of late? Third, Sanchez’s party won on what was essentially a pro-European Union, socially liberal ticket: that suggests there is an appetite among voters to push back against anti-EU parties in next month’s European Parliament – if that appetite can be awakened.to know this weekTime is running out for PM Theresa May if she wants to avoid holding European Parliament elections but there has been little evidence of progress so far.
One point of contention is a suggestion by leaders of those two countries that lingering tensions could be allayed by a deal to swap various parts of their national territories with each other. While that has been tentatively welcomed by some EU officials, Merkel fears it could open a Pandora’s box of other border disputes in the region. She and Macron are due to give a statement at 1515 GMT.An upside surprise at last. The positive U.S.
But while markets have leaned to the possibility of a rate cut by the end of the year, the first-quarter growth number and Wall Street’s record highs mean he’s unlikely to signal any easing yet. Further complicating the picture, and some say driving some of the dollar gains last week, is what the Fed signals on its still-shrinking balance sheet.
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