The traffic light coalition in Germany suffers a historic rout in the European elections.
German Chancellor Scholz’s SPD crashed to 14%, their worst-ever result, falling to 3rd place behind the far-right AfD, exit polls show. The other 2 parties in Scholz’s ruling alliance – the Greens and the FDP – got 12% and 5% respectively. Source: Bloomberg, HolgerZ
FRANCE | *MACRON'S GROUP THRASHED BY FAR-RIGHT LE PEN'S PARTY IN EU VOTE - BBG
*MACRON GROUP HAS 15%-16%, LE PEN'S HAS 32%-33%: POLLSTERS Source: Bloomberg, Le Figaro, C.Barraud
EU Parliamentary elections in France.
In brown where Far-right Le Pen party has won yesterday. Source: Xavier Ruiz
The US could be on the brink of the civil war according to Ray Dalio
In an interview given to the FT on 16 May, billionaire investor and founder of Bridgewater Associates warns about the risk of a civil war breaking in the US. Source: FT
$200 million since the verdict...
Source: Leading Report
Funny...
Source: NBC News
BREAKING: RFK JR. SHAKES UP PRESIDENTIAL RACE
Robert F. Kennedy Jr. has accepted the Libertarian Party's presidential nomination, introducing a dynamic twist to the upcoming election that could disrupt the prospects for both Trump and Biden. This move puts RFK on the ballot in enough states to theoretically secure the 270 Electoral College votes necessary for a presidential victory. Kennedy's decision was announced during a contentious moment at the Libertarian Party convention, where he was nominated unexpectedly. Trump and Biden's campaigns are reportedly uneasy about Kennedy's candidacy, fearing it could siphon crucial votes in a tight race. Kennedy has positioned his campaign as a fusion of third-party and independent voters to challenge the traditional two-party system. Source: Daily Mail thru Mario Nawfal
Brent crude futures extended gains on Monday, inching up amid political uncertainty in major producing countries after Iran’s president died in a helicopter crash.
But as always, things should be put into perspective: Iran has raised oil output over the last few years, with majority of exports going to buyers in China. Output is now >3mln bbl/d, the highest since 2019, making it the 3rd-biggest producer among OPEC members. But there are questions about how much higher Iran can take production considering capacity constraints. (BBG) Source: HolgerZ
