In the upcoming week, there are several key events to watch in the world of business and finance. On Thursday, the Labour Party is expected to win by a landslide in Britain, which could boost UK stocks and government bonds. However, the Institute for Fiscal Studies think-tank has warned of vast fiscal challenges that neither party has addressed. Despite concerns over a spending surge, Marine Le Pen’s far-right National Rally party has indicated they would be financially responsible in France as they head to the polls on Sunday for the first round of an election that has caused some market jitters.
Meanwhile, the Federal Reserve’s stance and a strong dollar leave little room for immediate rate cuts in Asia, where inflation in many emerging economies has fallen within central banks’ targets. Policymakers maintain higher rates to protect their currencies. The Bank of Thailand’s Governor is set to speak on Thursday, likely reiterating the central bank’s cautious approach. Meanwhile, economists predict an increase of 180,000 jobs in June in the US after a surprisingly large increase of 272,000 jobs in May led to the Federal Reserve holding interest rates steady for the time being.
