04-05-2017
Weekly comment MM Prime TFI - May 2. 2017
Last week, the global market sentiment was definitely bullish. During the whole week, French CAC40 grew by 4.1%, German DAX went up by 3.2% and British FTSE250 increased by 1.3%. In the US, the NASDAQ took off by 2.3%, the DJI soared by 1.9% and the S&P500 rose by 1.5%. The results of the first round of the presidential elections in France turned out to be a source of good moods in the financial markets. In line with market expectations, Marine Le Pen and Emmanuel Macron will be fighting for the presidential chair. Nonetheless, it cannot be ruled out that the bullish reaction of the market was only a short – term effect, especially since polls have showed that Macron have had about 20 percentage points advantage over Le Pen.