On Sunday, American stock index futures rallied steeply on relief that centrist Emmanuel Macron managed to take the first round of voting in the French presidential election, thus minimizing the prospect of an anti-establishment market shock.
During a May 7 runoff Macron is going to face far-right counterpart Marine Le Pen and opinion surveys on Sunday ensured him an easy victory in the final clash.
Defeated socialist Prime Minister Bernard Cazeneuve, socialist candidate Benoit Hamon as well as defeated right-wing candidate Francois Fillon all urged French voters to back Macron during the second round. The financial markets had also been nervous of the likelihood that far-left participant Jean-Luc Melenchon might make the run-off.
Sunday's steep moves definitely point to an unwinding of bets taken for the last few days as market participants turned defensive ahead of the highly anticipated vote.
On Wednesday, Asian stocks managed to rally due to the fact that Fed Chair Jerome Powell came up with an upbeat assessment of the American economy at his congressional testimony…
On Tuesday, European equities went down, having a second straight loss because telecom stocks were pressured, while market participants stepped back from risk ahead of testimony having to do with monetary policy from Fed Chair Jerome Powell…
On Monday, American futures didn’t change because market participants turn their attention to corporate earnings…
In February, Japan's exports probably ascended at the fastest pace for two years due to a softer yen as well as improving global demand, as a Reuters survey showed on Friday…
On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…
On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…
Your request is accepted.
A manager will call you shortly.
Internal error. Please try again later
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.
|
