Good Morning! Hope you had a good weekend! The big election week is over, ending with the results of the European Parliament yesterday evening. But the effect of the elections will reach farther than we might expect I think…

This mornings headlines:

• EU swings to the political right

• Apple might have a big announcement today

• US jobs growth slow expectations for rate cut

Enjoy!

X Nils

EUROPEAN ELECTIONS
The European Union is moving to the right

What Happened?
Over the past day, elections were held throughout Europe for the European Parliament, and the first results are beginning to come in. As expected, radical right-wing parties have gained significant ground. This shift will have a substantial impact on EU legislation in the coming years.

Why it Matters?

• The increase in right-wing representation in the EU Parliament, known for being anti-EU, will significantly influence the direction of the European Union's policies.

• The European Commission may need to build more alliances with these parties, which could result in concessions such as stricter immigration policies and increased subsidies.

• This shift indicates widespread discontent among European citizens with the policies of recent years, reflecting a desire for change in the EU's approach.

What’s Next
In the upcoming days, the election results will be finalised, and the new European Parliament will be installed. Following this, the process of appointing a new European Commission will begin, providing the winners of this election an opportunity to make a significant impact on the EU's future policies.

The outcome of these elections can significantly impact national politics as well. Emmanuel Macron has already called for new elections after his party's defeat to the radical right party, Front National, in the EU election.