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Japan's Takaichi bets big and secures landslide super-majority
Published 4 months, 2 weeks ago
Description
Japanese Prime Minister Sanae Takaichi secures a snap election landslide to pave the way for major fiscal spending. Her decisive victory pushed the Nikkei beyond the 57,000-mark for the first time and drove JGB yields higher. In the U.S., beleaguered tech and software stocks rallied on Friday to help the Dow close about 50,000 for the first time ever. Italian lender Unicredit smashes Q4 net profit forecasts and raises its FY 2026 profit guidance. Speaking exclusively to CNBC, CEO Andrea Orcel says his bank has ‘more optionality’ to potential dealmaking than other European rivals.
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