Three drivers of markets: Macron, UK stagflation worries and US price data

ecent notes, the markets are being driven by fundamentals at this stage of the cycle, so keeping up to date with political and economic data is critical. The main event that the markets are digesting at the start of this week is news that incumbent French President Macron won the largest share of votes in the first round of the Presidential election on Sunday.

red tape and the war in Ukraine, our EU trade balance narrowed. While services continue to grow at a decent clip, the decline in short-term manufacturing rates are of a concern, even if annual growth looks decent.The surging cost of raw materials and energy along with the supply chain crunch, could hurt this sector further and it is one of many economic consequences of the Russian invasion of Ukraine that are impacting the UK’s manufacturing and industrial economy.

start to make a comeback if the commodity currencies stay under pressure, on the back of a weaker oil price.Brent crude fell 1.8% at the start of the week and is now close to $100. A breach of this key psychological level would be important and the reason that oil is falling is twofold.

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Source: Digital Coin News (digitalcoinnews.net)

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