GLOBAL MARKET UPDATES
22 to 28 May: Paper Shuffling
After a 9-month odd bull market, some divergence and loss of momentum has prevailed over recent weeks. Over the next month, a number of policy announcements could shape market direction. In particular:
FED and ECB monetary policy decisions at which the US will likely raise rates and Europe may signal a more hawkish stance on policy.
UK general elections and the start of Brexit negotiations.
Italian electoral reform (setting up an Autumn election) and the conclusion of Greek negotiations with the EU to unlock the latest tranche of funding.