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Spanish politics: Rajoy defeated in no-confidence vote, Sanchez now new PM

With the Spanish confidence vote underway, it is official that Rajoy has been voted-out in a no-confidence motion, making Sanchez the news Spanish Prime Minister (PM). Sanchez is due to be sworn in as premier by King Felipe in the coming days.

Rajoy’s defeat is mainly due to a huge corruption scandal involving the governing party.

The EUR/USD pair is unfazed by the latest Spanish political development, as markets eagerly look forward to the US May labor market report for fresh direction.

WTI regains bids above $ 67 mark ahead of US drilling report

WTI (oil futures on NYMEX) reversed losses and jumped back into the bids, mainly driven by an improvement in risk sentiment, as reflected by reboundin
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EU's Mogherini: Don’t want a trade war with anyone

The European Union (EU) Foreign Affairs representative Federica Mogherini was on the wires last hours, via Reuters, reacting to the US’s decision to i
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