Highlights
A surprisingly strong swing to the far-right in the weekend's European Parliamentary elections has prompted French President to call snap National Assembly elections. The first round will take place on 30 June and the second on 7 July.
Far-right parties also made ground in Austria, Italy, and Germany where Chancellor Olaf Scholz's SPD party had their worst-ever result, although not to the same extent. However, across the region as a whole the centre-right European People's Party will still have the most seats and centrist parties will retain a majority in the EU Parliament.
Far-right parties also made ground in Austria, Italy, and Germany where Chancellor Olaf Scholz's SPD party had their worst-ever result, although not to the same extent. However, across the region as a whole the centre-right European People's Party will still have the most seats and centrist parties will retain a majority in the EU Parliament.
Definition
Global-FYI tracks critical developments fon the global markets including political news, special central bank announcements, and substantial moves in the financial markets.
Description
Major political events and special announcements by the global central banks can shift both the short-term and long-term outlooks for the global economy and financial markets.
