• English
    • en_USEnglish
    • en_GBEnglish
28 °c
26 ° Tue
26 ° Wed
26 ° Thu
26 ° Fri
Sunday, June 15, 2025
Asiafreepress
  • Home
    • Latest
  • World
  • Asia
    • China
    • Pakistan
    • Afghanistan
    • India
    • Central Asia
  • News
  • Politics
  • Security
  • Law
  • Business
  • Review
    • Editorial
    • Analysis
    • Perspective
    • Literature
  • Science & Tech
  • Entertainment
    • Showbiz
    • Lifestyle
  • Sports
  • Multimedia
Breaking News
Trump willing to work on Kashmir issue, confirms US State DeptLos Angeles mayor declares curfew in downtown amid immigration protestsChina to enhance strategic communication, coordination with France: VPChinese premier urges efforts to improve transformation of sci-tech achievementsGaza’s ‘Humanitarian’ Façade: A Deceptive Ploy Unravels
No Result
View All Result
  • Home
    • Latest
  • World
  • Asia
    • China
    • Pakistan
    • Afghanistan
    • India
    • Central Asia
  • News
  • Politics
  • Security
  • Law
  • Business
  • Review
    • Editorial
    • Analysis
    • Perspective
    • Literature
  • Science & Tech
  • Entertainment
    • Showbiz
    • Lifestyle
  • Sports
  • Multimedia
No Result
View All Result
Asiafreepress
No Result
View All Result
Home Politics

Stock markets jump with focus on US debt, elections

AFP News Agency by AFP News Agency
May 15, 2023
in Politics, US
0
Stock markets jump with focus on US debt, elections
0
SHARES
98
VIEWS

London, May 15: Major stock markets advanced Monday after President Joe Biden said he was “optimistic” about finding an agreement on averting a first-ever US default.

Traders reacted also to a mixed inflation picture out of Europe and weekend elections in Thailand and Turkey.

Stock markets in Europe and Asia kicked the week off with gains amid “growing hopes that the Democrats and Republicans will reach a deal to avert the disastrous scenario of a government default” in the world’s biggest economy, noted Victoria Scholar, head of investment at Interactive Investor.

Elsewhere, European gas prices reached the lowest levels in almost two years as concerns about tight supplies continued to ease heading into the summer.

On currency markets, the Thai baht rallied as pro-democracy parties looked set to win weekend general elections, with voters delivering a clear rejection of nearly a decade of military-backed government.

The progressive Move Forward Party claimed victory Monday, while the Pheu Thai party agreed to join a coalition government.

However, stocks in Bangkok fell.

The Turkish lira edged down, reversing earlier gains, as the country looked set for a presidential election runoff.

President Recep Tayyip Erdogan will face opposition candidate Kemal Kilicdaroglu again in a second round on May 28 if neither candidate achieves the 50 percent needed to win.

“If these results hold, it would be one of the worst outcomes for the markets,” said Ogeday Topcular, a money manager at RAM Capital SA.

“There will be (no clarity) for the next two weeks.”

In Brussels, the European Commission boosted its 2023 economic growth outlook for the eurozone — but also raised the inflation forecast for the single currency area.

“The European economy is in better shape than we projected last autumn,” the EU commissioner for the economy, Paolo Gentiloni, said in the statement.

“Thanks to determined efforts to strengthen our energy security, a remarkably resilient labour market and easing supply constraints, we avoided a winter recession and are set for moderate growth this year and next.”

Outside the eurozone, Sweden’s inflation slowed more than expected in April as food prices dropped for the first time since 2021, official data showed Monday, possibly giving the country’s central bank room to pause its rate-hike campaign.

Previous Post

New Rules of Engagement: How Palestinians Defeated Netanyahu and Redefined ‘Unity’

Next Post

Fleeing war for the second time: Taking refuge from Sudan in Ethiopia

AFP News Agency

AFP News Agency

Next Post
Fleeing war for the second time: Taking refuge from Sudan in Ethiopia

Fleeing war for the second time: Taking refuge from Sudan in Ethiopia

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected test

  • Trending
  • Comments
  • Latest
Heroic Tale of a Pakistani SULTAN in 1971 War

Heroic Tale of a Pakistani SULTAN in 1971 War

December 1, 2021
Jammu Genocide: Forgotten human carnage of disputed region

Jammu Genocide: Forgotten human carnage of disputed region

November 6, 2021
Indian forces kill under trial inmate in staged encounter in Kashmir

Indian forces kill under trial inmate in staged encounter in Kashmir

October 26, 2021
Peace, development make way to Xinjiang. Experts reject US allegations of genocide in Xinjiang China

Peace, development make way to Xinjiang. Experts reject US allegations of genocide in Xinjiang China

November 26, 2021
Jammu Genocide: Forgotten human carnage of disputed region

Jammu Genocide: Forgotten human carnage of disputed region

4
Pakistan summons Indian diplomat over killing of Muslims  in Assam

Pakistan summons Indian diplomat over killing of Muslims in Assam

4
India’s senior army officer booked on rape charges

India’s senior army officer booked on rape charges

3
Peace, development make way to Xinjiang. Experts reject US allegations of genocide in Xinjiang China

Peace, development make way to Xinjiang. Experts reject US allegations of genocide in Xinjiang China

3
Trump willing to work on Kashmir issue, confirms US State Dept

Trump willing to work on Kashmir issue, confirms US State Dept

June 11, 2025
Los Angeles mayor declares curfew in downtown amid immigration protests

Los Angeles mayor declares curfew in downtown amid immigration protests

June 11, 2025
China to enhance strategic communication, coordination with France: VP

China to enhance strategic communication, coordination with France: VP

June 10, 2025
Chinese premier urges efforts to improve transformation of sci-tech achievements

Chinese premier urges efforts to improve transformation of sci-tech achievements

June 10, 2025

Recent News

Trump willing to work on Kashmir issue, confirms US State Dept

Trump willing to work on Kashmir issue, confirms US State Dept

June 11, 2025
Los Angeles mayor declares curfew in downtown amid immigration protests

Los Angeles mayor declares curfew in downtown amid immigration protests

June 11, 2025
China to enhance strategic communication, coordination with France: VP

China to enhance strategic communication, coordination with France: VP

June 10, 2025
Chinese premier urges efforts to improve transformation of sci-tech achievements

Chinese premier urges efforts to improve transformation of sci-tech achievements

June 10, 2025
Asiafreepress

Follow Asia Free Press (AFP) on Twitter, Facebook, Linkedin, Youtube and Instagram for the latest news from China, Pakistan, Afghanistan, India, Kashmir and across Asia.

Follow Us

Photo Gallery

Quick Links

  • Submission Guidelines
  • Privacy Policy
  • About Us
  • Contact Us

Stay in Touch

To be updated with all the latest news, offers, and special announcements.

No Result
View All Result
  • Home
    • Latest
  • World
  • Asia
    • China
    • Pakistan
    • Afghanistan
    • India
    • Central Asia
  • News
  • Politics
  • Security
  • Law
  • Business
  • Review
    • Editorial
    • Analysis
    • Perspective
    • Literature
  • Science & Tech
  • Entertainment
    • Showbiz
    • Lifestyle
  • Sports
  • Multimedia

en_USEnglish (United States)
en_GBEnglish (UK) en_USEnglish (United States)