Plain sailing (for now)

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Markets remain calm post French election with much being made in the press about the VIX index (fear gauge) tracking at its lowest level since 1993. Indeed one of the biggest political risks has passed without much disruption and the possibility of further European political uncertainty unfolding in the likes of Italy and Germany has dissipated; at least for the time being. On balance global economic data has also been fairly consistent which will have also lent its hand in contributing to the relative calm seen in the market place with none of the major central banks at the point of any immediate policy changes.