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Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
U.S. Stocks End Week Higher as Markets Anticipate Fed Rate Cut 
Mauritius Election: Leaders Promise Economic Relief Amid Cost-of-Living Crisis
Mauritius is set for a critical parliamentary election on Sunday as incumbent Prime Minister Pravind Kumar Jugnauth and rival coalitions address pressing economic issues, especially the soaring cost of living.
Mauritius, an island nation of 1.3 million, functions as a bridge between Africa and Asia, with significant revenue from tourism, offshore finance, and textiles. Although the country anticipates a 6.5% economic growth this year—slightly down from 7.0% last year—many Mauritians feel economic benefits have not reached their daily lives.
Economic Pledges to Address Cost-of-Living Crisis
Prime Minister Jugnauth's Alliance Lepep coalition promises economic relief by increasing minimum wages, boosting pensions, and reducing VAT on essential items. His coalition intends to fund these initiatives partly through payments from the UK following an agreement on the Chagos Islands.
On the other hand, the opposition, led by Navin Ramgoolam’s Alliance du Changement and Linion Reform, promises free internet and transportation, reduced fuel prices, and higher pensions. If victorious, Linion Reform leaders Nando Bodha and Roshi Bhadain propose to alternate as prime ministers.
Election Day Details
Voting opens at 0300 GMT and closes at 1400 GMT. The party or coalition that secures over half of the 62 parliamentary seats will form the government. Jugnauth’s administration restricted social media access in the run-up, citing security concerns after private conversations were leaked—a move later criticized and reversed.
