Weekly comment MM Prime TFI - May 18, 2015
European stock exchanges were in retreat in the past week. The scale of declines were similar to previous week gains. Positive technical situation was negated on DAX (declined by 2.2%) hence the risk of descent to 11,000 is quite substantial. The Paris CAC40 also declined, but in a slightly smaller scale (by 1.9%). Most of a week government bonds were in retreat. German Bunds recovered some losses towards the end of the week.