Mixed open in Europe despite Wall Street rally
|It’s looking like another mixed open for European stock indices which is disappointing given last night’s surge on Wall Street. Investors on this side of the Atlantic may take a cautious approach going into the weekend given the uncertainty ahead of Sunday’s first round of voting in the French presidential election. After all, it’s possible we start next week with two anti-European, and frankly anti-business, candidates for the deciding vote on May. Last night’s Paris attack has added to the febrile atmosphere with all 11 candidates holding off from campaigning today.
Meanwhile, US Treasury yields continue to rally on a reduction in geopolitical tensions and as the Trump’s Treasury Secretary Mnuchin hinted that the administration was close to major tax reform. This has seen safe havens such as gold and silver pull back yet again. At the beginning of the week both metals hit their highest levels since early November, just after Trump’s election victory.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.