Experts believe a wider spat with Europe would be much more damaging than the current tit-for-tat with China.Traderead more
After the Fed released minutes of its last meeting, the bond market signaled it fears the Fed will not be aggressive enough with its rate cutting.Market Insiderread more
The Fed minutes also note that "a couple" members wanted a 50 basis point cut, based primarily on the weak inflation readings.The Fedread more
Markets pay particular attention to Italy's spending, given its public debt pile. This stands at above 130% of its growth rate, one of the highest in the world.Politicsread more
Flight bookings to Hong Kong have fallen 10%, hit by the unrest in the city, said Alan Joyce, the chief executive of Australian carrier Qantas Airways.Airlinesread more
Analysts generally doubt how effective the People Bank of China's latest interest rate announcement will be in significantly helping businesses grow.China Economyread more
These in-demand skills can command top pay packets, says Feon Ang of professional networking site LinkedIn.Get Aheadread more
Japanese manufacturing activity shrank for a fourth straight month in August as export orders fell at a sharper pace.Asia Marketsread more
The Washington governor had centered his campaign around climate change, calling it "the most urgent challenge of our time."Politicsread more
The inversion is seen by many veteran traders as an important recession omen, though the timing on the eventual downturn is less predictable.Bondsread more
Here's what Nordstrom reported for its fiscal second-quarter earnings.Retailread more
Marine Le Pen's euroskeptic National Rally have topped the European election vote in France, early results published Monday showed, narrowly beating the centrist alliance of President Emmanuel Macron.
National Rally, a re-branding of Le Pen's National Front has taken 22 seats, beating Macron's party by just one seat. It represents a setback for the French leader, who had put himself at the forefront of a bruising and personal campaign, while nationalist supporters across the bloc are likely to celebrate a symbolic victory.
In a statement, Macron's office described the performance as disappointing but not disastrous. It also said pro-EU parties were still in the majority.
The French Greens were seen coming third in a crowded field of candidates, adding to the remarkable second place of their German counterparts. The result is likely to bolster expectations of a so-called "green wave" that could influence EU policy over the coming years.
The projected result comes at a particularly challenging time for Macron — a Europhile who was elected back in 2017. His reform agenda, including on the labor market, has frustrated some French citizens over the last two years — which has escalated into months of protests and historically-low levels of popularity for the president.
Nonetheless, the narrow defeat to Le Pen's National Rally most likely won't derail Macron's domestic agenda, as the government seeks to impose a major overhaul of the pension system over the coming months.
This was Macron's first European election, having formed his own party for the presidential race back in 2017.
Marine Le Pen's party, on the other hand, won the 2014 European parliamentary election in terms of French seats in Brussels. At the time she got nearly 25% of the votes, which translated into 23 seats at the European Parliament.
The European elections are widely seen as a test on national leaders across the 28 countries.
Initial results on Sunday evening suggested the EU Parliament's established centrist bloc would most likely fail to gain a majority at this week's election.
A strong showing for Liberal and Green parties in Germany and France, as well as robust performances from euroskeptic groups in Italy, Hungary and the U.K., is likely to mean the EU Parliament will be much more fragmented over the next five years.
The European Parliament's first estimate of the overall turnout in the elections was somewhere between 49% and 51%. That's up from 43% in the 2014 election.
France had an unexpectedly high turnout in the election, estimated to be around 50%. It marks the country's highest voter turnout in decades.