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[1/4] Spain's far-right Vox party leader Santiago Abascal gestures as he speaks during an opening campaign rally ahead of the July 23 snap election, in Puerto Almerimar, El Ejido, Spain July 6, 2023. REUTERS/Jon Nazca/File PhotoMADRID, July 17 (Reuters) - As could be expected of the head of a far-right party that puts nationalism at its core, Vox leader Santiago Abascal drapes himself in Spanish symbols, wearing designer shirts glorifying bullfighting or issuing Vox-branded hand fans to rally attendants. Reuters Graphics Reuters GraphicsHowever, the frontrunning centre-right People's Party (PP), led by Alberto Nunez Feijoo, is unlikely to secure an outright majority, and may turn to Vox as a kingmaker. Abascal is the third generation of politicians in his family, his father and grandfather having also served in regional or local government. A sociology graduate from Spain's northern Basque Country, Abascal joined the PP at 18, was elected as a councillor at 23 and became a PP lawmaker in the Basque parliament.
Persons: Santiago Abascal, El, Jon Nazca, Abascal, Pedro Sanchez's, Vox, Alberto Nunez Feijoo, Santi, Sanchez, Miguel Angel Murado, Ana Pedroza, Carlos Perez, Francisco Franco's, Giorgia Meloni, Viktor Orban, Italy's Meloni, Aislinn Laing, Catherine Macdonald, Andrei Khalip, Alex Richardson Organizations: Vox, REUTERS, Socialist, Reuters Graphics Reuters, People's Party, ETA, Italy's, Thomson Locations: Puerto Almerimar, El Ejido, Spain, MADRID, Spain's, Basque, Catalonia, Madrid, Hungary, Italy, Finland, Hungarian, Valencia
That yen hoard has mostly been held as cash with the aim of ploughing into Japanese bonds when yields eventually turn higher. "We're all waiting for the end of YCC so we can buy JGBs," said a Japanese pension fund manager who requested anonymity as he is not authorized to speak to media. Japanese banks have ploughed money into overseas bonds, but insurance firms and pension funds have kept their powder dry. MARKETS WONT BLINKSuch is the positioning and inertia among long term Japanese investors that analysts expect markets to barely blink even if the BOJ plays for time this week. Lifers and pension funds say they have very little exposure to Japanese government bonds, so a surprise policy change won't hurt them either.
Persons: Androniki, Haruhiko Kuroda, Kazuo Ueda, Bart Wakabayashi, Hirofumi Suzuki, Suzuki, Kevin Buckland, Ankur Banerjee, Vidya Ranganathan Organizations: REUTERS, Bank of, Japan, Nippon Life Insurance, Sumitomo Life Insurance, Insurance, State, Thomson Locations: Japan, Tokyo, TOKYO, SINGAPORE, YCC, Singapore
LONDON, June 12 (Reuters) - Morgan Stanley has become the latest Wall Street bank to turn bullish on local emerging market bonds, though its strategists said they remained wary of developing economies' currencies in the face of a dollar that is set to remain strong. "We upgrade our stance on EM local currency bonds to bullish, where we have held a neutral stance for much of the year," Morgan Stanley strategist James Lord said in a note to clients dated Friday. In a note published on Friday, JPMorgan moved its recommendation emerging market local bonds back to "overweight" from "market weight". "We prefer EM local to hard currency bonds for 2H23," Luis Oganes, head of global macro research at JPMorgan wrote in a note to clients. Emerging market central banks had been quick to raise rates in 2021, frontrunning major peers such as the U.S. Federal Reserve and the European Central Bank.
Persons: Morgan Stanley, James Lord, Lord, Luis Oganes, Oganes, frontrunning, Karin Strohecker, Conor Humphries Organizations: FX, JPMorgan, U.S . Federal Reserve, European Central Bank, Thomson Locations: Hungary, Uruguay, America
Binance reached an agreement to purchase Sam Bankman-Fried's crypto exchange FTX on Tuesday. Here's what happened as FTX went from market heavyweight to being acquired by a rival. Balance sheets and billionairesBankman-Fried's empire is diverges in two branches: FTX, a cryptocurrency exchange, and Alameda Research, a crypto trading firm. The price of other cryptocurrencies including Solana's SOL, bitcoin, and ether dropped Tuesday as well, as worries seeped across the broader crypto market. "Binance is likely coming in and saying they will cover the liabilities for FTX, and then effectively have FTX hand over the rest of their assets."
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