Real Vision: Finance & Investing Canadian Election Surprise, Iberian Blackout, and Tariff Exemptions: PALvatar Market Recap, April 29 2025
Apr 29, 2025
In a surprising turn of events, Canada’s Liberal Party makes a thrilling comeback under Mark Carney. Meanwhile, Spain faces chaos with a nationwide blackout impacting its economy. Adding to the intrigue, global markets respond positively to the U.S. granting tariff exemptions to automakers. Industrial sentiment in Europe dips sharply ahead of the crucial Eurozone GDP release, hinting at potential economic slowdown. Get ready for a whirlwind of market insights and trends!
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Carney's Canadian Election Win
- Mark Carney led the Liberals to a stunning comeback in the Canadian election.
- This turnaround was unthinkable months ago when they trailed badly in polls.
Election Reflects Tariff Rejection
- The election result reflected rejection of Trump's tariffs and comments on Canada.
- Carney's background as former governor of Bank of Canada and Bank of England adds significance.
Spain's Nationwide Blackout
- Spain and Portugal experienced a massive, chaotic nationwide power blackout.
- Cause remained unknown by midday, and there were concerns for Rioja vineyards.