What are the implications of the UK and French elections?
Monthly highlights, July 2024
The muted market response to the new UK government had something in it for supporters and sceptics alike. The former can argue that the election result was widely anticipated and the limited reaction a sign of comfort with the new administration. On the other hand, it could also suggest doubt about the government’s ability to significantly change the UK’s economic outlook, despite a large parliamentary majority. In France, meanwhile, political uncertainty is likely to remain high, though a hung parliament should reduce the risk of destabilising policy proposals being implemented.
We have shared our thoughts on the UK and French elections below and will be providing further insights in our upcoming webinar on 23rd July. You can register here.
Global markets ended the second quarter on a strong note. Investors have been encouraged by better data on inflation, suggesting that the Federal Reserve may soon be able to start cutting interest rates. Corporate earnings remain relatively robust, though growth in profits has once again been driven by the largest US technology companies. We will be closely monitoring the upcoming results season to assess prospects for the remainder of the year.
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EMEA Sales Manager at FTSE Russell | Strategic Client Engagement, Revenue Growth, Market Expansion
4 个月Good summary