IEF - Reversals Of Fortune Emerge In Elections And Economies

2024-07-10 12:30:00 ET

Summary

• French election: The second round of the legislative election was won by the far-left after the first round had gone to the far-right.
• UK election: The Labour Party more than doubled their seats in the House of Commons and Sir Keir Starmer is the new prime minister.
• Economies that have been resilient - the US, Canada, and the eurozone - showed signs of softening.

If I had to pick a theme to summarize last week’s major headlines, it would be “reversal of fortune.” In France, the far-left gained the most seats in the second round of the legislative election after the far-right secured the most votes just one week ago....

For further details see: