We hear from U.S. Senator Richard Blumenthal at the Ambrosetti Forum who calls last week’s military parade attendees in Beijing “a tableau of tyrants”. The Democratic senator for Connecticut urged the U.S. and Europe to present a united front against an “axis of upheaval”. Japanese Prime Minister Shigeru Ishiba resigns after less than a year in power following a sequence of failed elections. The Nikkei, however, surges on anticipation Ishiba’s successor may usher in wider fiscal loosening. French Prime Minister Francois Bayrou is on the verge of being ousted in today’s vote of no confidence in his austerity budget - a result which will raise concern over France’s ability to cut debt and spending. In oil news, Opec+ nations move to unwind production cuts, boosting output by 137,000bpd in October as Saudi Arabia looks to reassert its market dominance.
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.