Hezbollah’s recent electoral success could prompt Iran to take a more aggressive approach toward Israel in the ongoing Syrian war, according to one political strategist. Although official results have not been announced, Iran-backed Hezbollah and its allies were seen as the biggest winners in Lebanon’s first parliamentary vote since 2009. The militant Shia group and […]
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Trump will kill the Iran nuclear deal — and that's a 'long-lasting' boost for oil prices
President Donald Trump‘s eagerly anticipated announcement on the Iran nuclear deal could be the flashpoint for a “long-lasting” uptick in oil prices, according to Barclays analysts. Crude futures hovered close to multi-year highs on Tuesday, as investors waited on Trump’s looming decision on the Iran nuclear accord. The U.S. president is due to make his […]
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Some investors are now starting to predict the ECB could extend its bond-buying program
Market players are closely monitoring data in the euro area over the next few weeks to see whether the European Central Bank (ECB) might be forced to extend monetary stimulus. Recent data across the euro zone has shown that economic activity in the region could be slowing down, raising doubts over the future of monetary […]
Read moreItaly could see repeat elections in July after anti-establishment parties failed to reach an agreement following the inconclusive vote in March. Rome has been in political deadlock since the outcome of the general election in early March, where no party or coalition gained a majority to govern in parliament. President Sergio Mattarella announced Monday that […]
Read moreAdecco Group reported weaker-than-expected first-quarter earnings as the world’s largest staffing company said revenue grew at an underlying 5-6 percent rate in March and April. Switzerland-based Adecco said its revenue fell 1 percent in reported terms and rose 4 percent on an organic basis in the three months ended March 31 to 5.69 billion euros […]
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European markets set for a mixed open as investors wait for Trump’s decision on Iran deal
European markets are expected to open relatively mixed Tuesday morning, as investors await critical news surrounding the Iran nuclear accord. The U.K.’s FTSE 100 opens back up for trading on Tuesday, set to open 14 points higher at 7,581. Elsewhere, the French CAC 40 is expected to open relatively flat at 5,531, while Germany’s DAX […]
Read moreVladimir Putin was sworn in for another six years as Russian president on Monday, buoyed by popular support but weighed down too by a costly confrontation with the West, a fragile economy and uncertainty about what happens when his term ends. Standing in the ornately-decorated Andreyevsky Hall of the Grand Kremlin Palace, with his hand […]
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It’s ‘embarrassing’ to hold cash but there are few alternatives, says investment manager
High valuations across different assets classes are posing very few alternatives to investors, one investment manager told CNBC, adding he would rather sit on cash. The surge in valuations, mostly seen throughout 2017, has made equities, bonds and currencies more expensive for those who want to invest in these categories. As a result, some money […]
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After one year in office, productivity should be the focus for Macron; says former bank governor
French President Emmanuel Macron has to focus on improving productivity levels as the next step in a series of reforms, a former governor of the Bank of France told CNBC Monday. Macron, who won the final round of the French presidential race a year ago, has so far managed to fulfil two of his campaign […]
Read moreEuropean markets are expected to tick higher on Monday, boosted by a solid session seen out of Asia and crude markets. Looking to Europe, the CAC is expected to open 22 points higher at 5,538, while the DAX is poised to start the day up 58 points at 12,877, according to IG. Peripheral markets such […]
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