Key Takeaways:
Euro strengthened despite French government collapse
Yen rallied as traders awaited Bank of Japan decision on interest rates
Markets believe in a friendlier regulatory environment for cryptocurrencies under President-elect Trump
Bitcoin has surged above $100,000 driven by political factors, and the rally is expected to continue
Risks for France are building for 2025, with concerns about a growing deficit and potential impact on the bond markets
President Macron is expected to address the nation and lay out plans for forming a new government and passing the budget- The Fed chairman’s comments have increased bets on a rate cut later this month to 77%, with big cap stocks leading the US market rally
France’s debt risk premium decreased after the government fell
Macron expected to lead as the new French government takes over
Euronews Tech Talks explores the impact of new technologies on society
Water Matters delves into Europe’s water challenges and solutions
Climate Now shares the latest climate facts and expert insights
Euro Strengthens Amid French Government Collapse
Despite the collapse of the French government following a no-confidence vote linked to the budget deficit, the Euro managed to strengthen against other major currencies. The market reaction to the crisis in France has been somewhat muted, with the Euro to USD exchange rate climbing and French bond yields remaining stable. Investors are closely watching for potential changes in economic policies as President Macron is expected to form a new government and address the nation.
Bitcoin Surpasses $100,000 Amid Political Factors
Bitcoin has surpassed $100,000 for the first time, driven by political factors and market speculation. The cryptocurrency’s rally is expected to continue as investors seek alternative assets amidst global economic uncertainties. Market participants also believe in a friendlier regulatory environment for cryptocurrencies under the upcoming presidency of Donald Trump.
Uncertainty Looms for France Amid Political Turmoil
Risks are building for France as concerns about a growing deficit and potential impact on the bond markets emerge. However, despite the turmoil within the French government, French stock markets have shown gains and French bonds have remained steady. President Macron’s leadership in forming a new government is key to navigating these uncertain times.