Johannes Winkel, leader of Germany’s Junge Union, and 17 other young MPs vowed to vote against a draft pension-reform law, which they argue unfairly burdens the young. They have a point https://t.co/mgpetLx3wx ...

Political Landscape & Election Results - Argentina's President faced a crucial midterm test [1] - Investors lost faith in free market experiment after a crushing defeat [2] - The President turned it around with 41% of total votes, nine points above the opposition [2] - The election result doesn't mean things will be easy, still far short of a simple majority in the lower house [3] - Lasting reforms (tax, labor, and pension) are key to ensure re-election in 2027 [3] Market Reaction - Argentina bonds and stocks soared in response to the election results [2] - Benchmark dollar notes were up more than 0.13% [2] International Relations - Donald Trump extended a $20 billion lifeline to the crisis-prone nation [2]

Corporate Finance and M&A Activity - Coinbase (COIN) is set to acquire the crypto-investing platform Echo for approximately $375 million, marking its eighth acquisition this year and reflecting its active expansion amid favorable U.S. cryptocurrency policies [2][9] - Hon Hai Precision Industry Co. Ltd., a key supplier for Apple (AAPL), has mandated banks for its inaugural Euro bond sale, which could provide new capital to support operations and expand capabilities within the global technology supply chain [3][9] Q3 2025 Earnings Season Highlights - Elevance Health (ELV) reported adjusted earnings per share (EPS) of $6.03, significantly exceeding the estimated $4.93, with revenue of $50.09 billion surpassing the $49.38 billion estimate, although medical membership was slightly below projections [4][9] - Danaher (DHR) posted adjusted EPS of $1.89 against an estimated $1.72, with revenue of $6.1 billion exceeding the $6.01 billion estimate, reaffirming its full-year adjusted EPS outlook in the range of $7.70 to $7.80 [5][9] Currency Markets and European Politics - The USD/JPY currency pair extended its gains by 0.8% to reach a one-week high of 151.95, reflecting ongoing dynamics in global foreign exchange markets [6][9] - French President Emmanuel Macron reiterated the possibility of a referendum on pension reform, emphasizing its importance despite recent indications from Prime Minister Sebastien Lecornu to suspend the reform until after the 2027 presidential elections [7][9]

French bonds rose, narrowing the spread over safer German counterparts to a four-week low, after Prime Minister Sebastien Lecornu said he would propose suspending pension reform in an attempt to push through a budget https://t.co/IYSdK7s0o4 ...

Political Landscape in France - Outgoing Prime Minister was given 48 hours by President Macron to find a solution following his resignation [1] - The outgoing Prime Minister has spoken with all parties in the National Assembly, except the extremes, to enable President Macron to name a new Prime Minister within 48 hours [1][2] - Prospects of snap legislative elections or presidential elections seem to be diminishing [2] - The National Assembly in France is fragmented since President Macron called snap elections in June 2024 [2] Key Negotiation Points - The pension reform passed in 2023 is at the heart of the discussions [3] - Negotiations involve potential suspension of the pension reform and the possibility of a Socialist Prime Minister [4]