European markets jumped; What to expect this week
European markets jumped on Monday following the win of the first round of French election by Emmanuel Macron.
Market moves review:
- Euro was at $1.0867 on Monday following its biggest advance since Monday
- GBPUSD close at 1.2794 with highest price reached at 1.2864
- EURJPY has the biggest change in relation with other major pairs, at 2.04% during the day
- Gold slipped 0.90%
- A slightly positive day for Silver when open at 17.82 and close at 17.86
- FTSE100 and DAX30 reported a positive day with an increase of 1.08% and 3.37% respectively
What is coming this week:
- Major companies will release their results this week. Among companies expect to report their results are Microsoft Corp., Twitter Inc., Barclays Plc, Daimler AG and Alphabet Inc.
- Policy meeting of Bank of Japan with news about its monetary easing program
- The European Central Bank (ECB) monetary policy ahead this Thursday with market participants focus on whether the ECB will withdrawl or not the strong economy support of recent years