Daily market review – June 5th 2017


Will Britain’s elections shake the markets?
After Wall Street and the European stock exchanges broke records last week, the trading will take place this week at the backdrop of Britain’s upcoming elections, as well as a host of macroeconomic data.

On Friday, Wall Street closed at a high on expectations of an interest rate hike in the US, despite a disappointing employment report.
In Europe, the stock exchanges in London and Frankfurt broke records, while the sterling fell in the wake of polls ahead of Thursday’s election in Britain.

On Wall Street, the reporting season is coming to an end as all major companies have already published their first quarter reports, and trading will be affected by macroeconomic data to be released this week in the US, including consumer credit, factory orders and wholesale inventories. GDP for the first quarter.
On the same day the ECB will announce its interest rate decision.
According to all assessments, interest rates in the euro zone are expected to remain unchanged at a record low.


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