Yahoo Finance Business Lookahead: Election nerves
STORY: From election fever in France and Britain, to the jobs report in the U.S., these are the stories to watch in business and finance in the coming week.
:: Look Ahead
:: U.S. monthly employment figures
The monthly U.S. jobs report comes out Friday July 5th.
Economists are forecasting an increase of 180,000 jobs in June.
In May, non-farm payrolls increased by 272,000, far more than expected.
The Fed held interest rates steady this month and pushed out the start of rate cuts.
:: France goes to the polls
France is heading to the polls on Sunday in the first round of its snap election that has rattled markets.
Jitters over a spending surge have stabilized…
As Marine Le Pen’s leading far-right National Rally have signaled it would be fiscally responsible.
Yet they are far from recovery, as French bank stocks sit on double-digit losses.
:: British blues
A landslide win is expected for Britain’s Labour Party on Thursday.
That would boost UK stocks and government bonds, as trade-weighted sterling has bounced back to pre-Brexit levels.
But Britain has vast fiscal challenges that neither party has said how they would resolve, the Institute for Fiscal Studies think-tank said.
:: Stand-off
The Fed and a towering dollar leaves little to no room for imminent rate cuts in Asia.
Inflation in most emerging Asian economies has fallen to within central banks’ targets in recent months.
Though policymakers continue to keep rates higher for longer to defend their currencies.
The Bank of Thailand’s Governor speaks to media on Thursday and will likely reiterate the central bank’s stance.
