All the day’s economic and financial news,including a fresh healthcheck on Germany’s economy 8.14am BSTGood morning, and welcome to our rolling coverage of the world economy, or the financial markets,the eurozone and commerce.
Following the excitement of the French presidential election, the markets are rather subdued this morning. There are more political risks on Europe’s horizon. Legislative elections in France in two months, and German elections and perhaps a snap Italian election could yet see the European project derailed.
Italians have already demonstrated a willingness to ‘vote with their feet’ when they blocked a government referendum late last year.
The reason is that the Macron victory does not mean that we are out of the woods,there are still massive challenges ahead of him and the issue of soft and hard Brexit is still very much in play.
US Earnings for the Q1 were a tiny soft and the US GDP growth is nowhere close enough to its preceding level- let alone what Trump wants. Continue reading...
Source: theguardian.com