Kieron Launder: Monday markets - the week ahead on 20 May
Politics and geopolitics will continue to dominate markets as we look ahead to a week which includes European Elections
- Last week saw European equity markets gaining while the US lagged, held back by the tech sector in particular
- Emerging markets underperformed with investors focused on the weakening of the Chinese currency: given the domestic slowdown in China, the authorities may be tempted to let the currency weaken further
- European Elections occur later this week, but we will not get results until Sunday. Populist parties are not expected to dominate but may complicate the makeup of the European Parliament - and with it the new presidencies of the European Commission, the European Council and the European Central Bank
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