Monday 28 April 2025
The Mighty Headlines
Economics: California’s economy now bigger than Japan’s
Business: Vanguard won’t re-enter China
Markets: US stock markets start the week on a positive
Foreign Affairs: General Election in Canada today
Security and intelligence: Russia detains Ukrainian agent over car bomb
Domestic politics: England set for an end to two-party politics
The Mighty Stats
FTSE = 8,415.25 (up 0.093%)
S&P 500 = 5,525.21 (up 0.74%)
Nasdaq = 17,382.94 (up 1.26%)
CAC40 = 7,536.26 (up 0.45%)
£1 = $1.33 / €1.17
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The Mighty Detail
Economics: The US state of California has said that it has over taken Japan as the world’s fourth-largest economy. Governor Gavin Newsom said that California’s GDP has reached $4.1 trillion. Japan’s GDP stands at $4.02 trillion. The world’s largest economy is the US, followed by China and Germany.
Business: Fund manager Vanguard has said that it will not re-enter the Chinese market as it seeks to expand its operations. The US fund manager has $10 trillion in assets under management. It closed its Shanghai office in 2023, where it had partnered with a local firm, after saying that it would “prioritize regions where it offers its own investment products.”
Markets: The major US stock market indices start on a positive footing this week. The S&P 500 increased by 4.6 per cent last week and the Nasdaq rose by 6.7 per cent after a few weeks of turmoil. According to comments published on Friday, President Trump said he expected announcements on many trade deals “over the next three to four weeks”.
Foreign Affairs: A General Election is being held in Canada today. The two front runners are the Conservative Party, led by Pierre Poilievre, and the Liberal Party, led by Mark Carney. The Conservative Party has focused on the cost of living and has support among younger voters. The Liberal Party has focused on the economic and political risk posed by the Trump administration and has support among older voters. The Liberal Party is in the lead according to opinion polls.
Security and intelligence: Russia’s security services say they have detained a Ukrainian special agent over a car bomb detonated on Friday in Moscow. Russian Lieutenant General Yaroslav Moskalik, was killed in the attack. Russian media claims that the bomb was denoted remotely from Ukraine. Ukraine has not commented on the incident.
Domestic politics: A leading elections analyst has said that the UK is set for “biggest challenge” to the two-party system for 100 years. Professor Sir John Curtice was speaking ahead of the local elections on Thursday in England. Labour and the Conservatives could lose votes to Reform UK and the Liberal Democrats.
The Mighty Calendar
What’s happening today?
General Election in Canada
Trial for men involved in Sycamore Gap tree felling begins
Education Questions in UK Parliament
CBI retail sales survey (April)
Lookahead to tomorrow
Prince and Princess of Wales visit Isle of Mull
President Trump holds rally to make 100 days in office
UN Security Council debate on the Middle East
Energy Questions in UK Parliament
Company results from: BP, General Motors, HSBC, Deutsche Bank, Associated British Foods, Spotify, AstraZeneca, Adidas, Lufthansa
The Mighty Finale
🌤️Weather today
The dry and warm weather continues across England. High of 24C and low of 9C in London. Cloudy in Belfast. Sunny spells in Edinburgh.
✏️Life coaching quote of the day
“The biggest temptation is to settle for too little.” – Thomas Merton, monk and writer
Mighty takeaway: Don’t aim too small in life!
That’s it for this Monday morning. Thanks for reading and we’ll see you tomorrow.
Bye!
The Mighty Memo team