Donald Trump once again defeated the Fed, Mario Draghi defeated Donald Trump for the same, and the States are fighting their own commercial policy. Here's what the markets will do today.
Mario Draghi did something interesting, which is beyond what we are accustomed to seeing him, "he said, worried about Fed's independence amid all the insults and criticism of Donald Trump. The president entered the twitter as he watched Tiger Woods win the Masters to attack the Central Bank again. He said the interest rate was a "killer" for the markets and shares would have been 5,000 to 10,000 points higher without them. Mario Draghi The European Central Bank also closely followed the message that the rise of the European economy is still possible in the second half of 2019.
According to US Treasury Secretary Steven Mnuchin, the US will be ready to face the consequences if it fails to meet the promises made in any trade deal achieved with China. His comments show that the couple is approaching consent, and both must be prepared to accept the penalties that will come from mutual misconduct.
Spring of IPOs
The corporate season has begun, but for now the deals and public listings are catching up. Uber Technologies Inc. made it necessary to become the Amazon of transportation in an attempt to distance itself from its direct competitor, Lyft Inc., who made a strong first day of trading, but since then their shares have lost their positions. In Europe, the Swiss Stadler Rail and the London International Network are performing well. Following is the largest IPO for Europe so far - the Italian Nexi SpA, which will be listed tomorrow.
So far there is a good sign that Conservatives and Labor in the UK find a way to compromise on Brexit, leaving the pounds hanging in anticipation and Prime Minister Theresa May to face attacks from his own party. In France, President Emmanuel Macron will address the nation on Monday evening to announce a set of measures designed to suppress the anger that fueling the protests. Finland turns to a more lenient government after it votes against austerity policies and calls for more social spending.
Coming Up Next ...
A deserted economic calendar for the European session, the good news from Asia is moving positivism, with the sentiment on the sidelines of Friday's risk-on sentiment continuing to dominate the markets for now. In Europe, the French media group Vivendi SA with a revenue report and all eyes will be on the Universal Music Group.
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