Market Talk – May 30, 2023
ASIA: Consumer prices in China increased at their slowest pace in two years, indicating deflationary pressure and weakness in domestic demand. The consumer price index rose by only 0.1% in [...]
Macrone just signed a law where Italian will no longer be taught in France. The idea that Europe is one big happy family is so far from reality that this is part of the backdrop behind the bearishness of the euro. The old resentments remain. There has always been a strong resentment between the Italians and the French, and this latest change by Macrone only fuels these old resentments that prevail within the Eurozone. What should have remained as a simple trade union instead of attempting to federalize Europe, is now only increasing the tensions throughout the continent.