21-05-2018
Weekly comment MM Prime TFI - May 21, 2018
The last week brought a continuation of increases in the American government bond yields and crude oil prices. In addition, the politics was again in the spotlight. The populist Five Star Movement can gain power in Italy, in one of the largest economies in the EU. Such a scenario is perceived not only as a threat to this country, but also for the Eurozone. Furthermore, Donald Trump suggested trade negotiations with China may not end in a satisfactory manner. This statement hit mainly on Wall Street. During the whole past week, the NASDAQ declined by 0.7%, while the DJI and the S&P500 went down by 0.5%. In Europe, the French CAC40 rose by 1.3%, the British FTSE250 soared by 1% and the German DAX grew by 0.6%.