• Trump says growth could hit 5% “with a little quantitative easing”, calls on Fed to “match” Chinese monetary policy. Pompeo says US “fundamentally” does not seek a war with Iran.
• UK government to put withdrawal agreement to parliamentary vote first week of June. Talks with labour “useful and constructive” according to May`s spokesperson. Corbyn says he won’t back withdrawal agreement without concessions.
• Treasury yields remained near the lowest level since March.
• Wall Street recovered almost half of the previous day’s losses and calming words from Trump on China trade. S&P closed 0.8% and NASDAQ was up over 1%. Asia added to the improved sentiment with the Nikkei closed 0.54%.
• Italy’s BTPs also remain under pressure after Salvini’s comments.

Legal Disclaimer: This article is not investment advice. The data provided is for marketing material purposes and is not intended to confuse nor guide our clients on trading decisions. Any investment activity performed is perceived to be a self-directed decision. Exclusive Capital is not liable for losses that may occur because of a decision made after reading the information published on our research page or any other media.
Risk Warning: Trading the capital markets is risky therefore further knowledge and experience may be required. Apply appropriate risk and money management always and ensure the implementation of safe leverage.


Christos Nikolaou

View Profile

Subscribe to receive our articles, technical analysis and info on our upcoming events