Ipek Ozkardeskaya
Swissquote Bank Ltd
The week started on a positive note but the positive vibes will likely leave their place to the chatter of scenarios regarding how the French will prevent Marine Le Pen from gaining a majority in the parliament in the second round of the legislative election this weekend. The euro and European equities are lower on Tuesday morning after early week rally. Eyes on Eurozone inflation data.
In the US, soft data didn’t prevent US bonds from falling as Trump win expectations lead to a steepening of the curve.
In the UK, Cable remains under pressure ahead of Thursday’s general election while the FTSE 100 can’t fully benefit from a softer sterling and a rapid rise in oil prices.
US crude rallies ahead of the July 4th holiday in the US and Hurricane Beryl
This report has been prepared by Swissquote Bank Ltd and is solely been published for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any currency or any other financial instrument. Views expressed in this report may be subject to change without prior notice and may differ or be contrary to opinions expressed by Swissquote Bank Ltd personnel at any given time. Swissquote Bank Ltd is under no obligation to update or keep current the information herein, the report should not be regarded by recipients as a substitute for the exercise of their own judgment.
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