According to Pacific Investment Management Co. (Pimco), trade tensions are diverting investments from the US to Japan, making the Asian nation a key destination for capital. This shift is clearly reflected in record inflows of 9.16 trillion yen ($62.32 billion) in April.
Italy’s Economy Minister Giancarlo Giorgetti states the country plans to exit the European Union's excessive budget deficit procedure ahead of schedule, as early as 2026.
JPMorgan Chase CEO Jamie Dimon delivered a sharp critique of Europe’s economic outlook. He warned that the region’s standing on the global stage continues to weaken. As a solution, he proposed finalizing the creation of a unified market.
A Reuters poll of economists showed that Japan’s inflation could have slowed down last month. However, that could still push the central bank to raise interest rates, the news agency says.
French Prime Minister Francois Bayrou has called on the European Central Bank (ECB) to intensify its efforts to stimulate economic growth across the EU. In an interview with LCI television, Bayrou emphasized that France needs creditors willing to invest in the country and believe in its future.
The EUR publication is expected
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