Elections
are over, euro is weaker and has broken outside its recent trading range and stock
index futures trading lower. On the other hand, euro quickly returned to the range and SPX is at support levels. Trust the charts, fade the news? For election coverage, see the updated Election. Bank holiday in UK. Please follow ‘MoreLiver’ on Twitter or Facebook, and contact me with any questions or suggestions. What do you think, Merklande, Hollkel, Homer, Merde, Mellande, Mellander, Merder or Landmerk? Before the usual morning briefings, here's what you missed during the weekend (the Calendar-page has been updated as well):
5th May - Weekender: Elections (updated)
4th May - Weekly Support (weekly reviews and previews)
News
roundup – Between
The Hedges
News
roundup – The
Trader
The 6am Cut
London – alphaville
/ FT
Danske
Daily – Danske
Bank (pdf)
Fear of renewed political turbulence in the
euro area after Hollande victory in France and defeat for the
coalition government in Greece. Disappointing labour
market report in the US questions strength of
recovery. It has been risk-off overnight with stock markets markedly lower and
EUR/USD breaking below 1.30. Bond yields and commodity prices also markedly
lower. UK markets are closed for May bank holiday.
Morning
Briefing – BNYMellon
The results from the German, French and Greek elections this weekend reflect a growing backlash across Europe against fiscal austerity measures implemented in the wake of the recent financial crisis
The results from the German, French and Greek elections this weekend reflect a growing backlash across Europe against fiscal austerity measures implemented in the wake of the recent financial crisis
Market Preview – Saxo Bank
Debt crisis:
live – The
Telegraph
Europe Crisis Tracker – WSJ
FX Options
Analytics – Saxo
Bank
ELECTIONS
European elections reaction: live blog – The
World / FT
French Election – BBC
French Election – Spiegel
Weekender: Elections – MoreLiver’s
(updated)