After a long, relaxing holiday weekend in the U.S., it’s back to reality. Time to settle in and focus on the week ahead. As investors scan the headlines to see what’s been happening around the world, it’s pretty clear that the European election results are getting heavy print. Yet very few market participants seem concerned.
A sampling of a few headlines includes:
Big victories in European Parliament elections for nationalist, Euroskeptic parties put current EU policies on notice. Will populist anti-establishment parties on the right and left continue to gain momentum?
Long-time businessman Petro Poroshenko takes the reigns of Ukraine amid crisis and calls for a quick end to the war with separatists in the east.
The ECB President warns of prolonged low inflation; is prepared to act.
And the global equity markets reaction? Â Pretty ho-hum. Asian markets traded higher, European markets are mixed, and U.S. futures are currently pointing higher for Tuesday trade.
With the S&P 500 on the verge of all-time highs, the opening bell and morning action will be closely watched. It’s also noteworthy that other key indices are set to battle important technical levels.
In the meantime, investors will want to watch the remainder of the European markets session, as it will likely play a role in the tenor of the opening bell in the U.S. markets.
Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
