A Look at the Day Ahead in European and Global Markets from Ankur Banerjee European markets are set for a strong start to the second half of the year after the first round of voting in France placed the far-right National Rally (RN) party in the lead, albeit with a smaller share than some

    Oil prices rose on Monday, bolstered by predictions of a supply deficit due to peak summer fuel consumption and OPEC+ production cuts in the third quarter. However, gains were limited by global economic challenges and increasing non-OPEC+ output. Brent crude futures increased by 33 cents, or 0.4%, to $85.33 a barrel by 0439

    Euro Hits Two-Week High Amid Uncertainty Following France’s Election The euro reached a two-week high during Asian trading hours on Monday after the initial round of France’s unexpected snap election positioned the far-right in the lead. However, the final outcome remains unclear, leaving investors bracing for more volatility. Marine Le Pen’s National Rally

  Bitcoin Recovers Amid Market Uncertainty Bitcoin prices rose on Monday, bouncing back from recent losses, though overall sentiment toward the token and the broader cryptocurrency market remained largely negative. Potential Major Liquidation Event Looms Markets are on edge due to the anticipated major liquidation event with the now-defunct exchange Mt Gox set to begin

    Euro Rises Following French Election, Yen Struggles Near 38-Year Low The euro climbed on Monday after the first round of France’s snap election showed the far-right party leading, though by a narrower margin than expected. Meanwhile, the yen struggled to break away from its near 38-year low. Marine Le Pen’s far-right National Rally

  Gold Prices Dip in Asian Trade Amid Expectations of U.S. Rate Cuts Gold prices weakened during Asian trading on Monday, receiving limited support from rising expectations of U.S. interest rate cuts as traders awaited further cues from the Federal Reserve and U.S. economic data this week. The yellow metal remained within a trading range