Bloomberg Daybreak: Europe Edition
French Government Collapse Threat, US-China Chip Curbs & Europe Preps For New Cold War -
Nov 28, 2024
France is facing political turmoil that has sent banking stocks tumbling. Meanwhile, the US is considering further restrictions on semiconductor sales to China, signaling heightened tensions. Inflation concerns also arise as the Fed's preferred metric shows an uptick. A new study reveals racial discrimination against Black graduates in the UK job market, despite companies' pledges for diversity. On a proactive note, Nordic nations are ramping up preparedness for potential crises, including conflict and cyber threats.
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Quick takeaways
- France's potential government collapse is causing significant investor anxiety, reflected in declining banking stocks and widening bond spreads.
- The Biden administration is considering new semiconductor curbs on China, emphasizing ongoing tensions in US-China tech relations amidst evolving geopolitical dynamics.
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