Eurizon Weekly 08.07.24 The mix of events of a political nature and of macro data was at the heart of market dynamics. In Europe, the elections in France and in the United Kingdom captured the attention of the markets, whereas US macro data were once again decisive in outlining the macro scenario on which the Fed will make its future decisions. In the UK, the elections went as expected, with a landslide victory for Labour, called to relaunch the country’s economy. In France, on the other hand, the elections failed to assign an absolute parliamentary majority to any of the parties, therefore a government coalition will have to be formed.
This week, focus will be on the US inflation reading, due out on Thursday, after the release of European inflation data in the past few days. Stefano Cucchi of Eurizon’s Macro Research & Product Specialist team takes a closer look.  Audio recorded on 08 July 2024