Fidelity Top Stories
Eurozone banks is where the money is, JP Morgan says
Emmanuel Macron's win at the weekend could spark an up to 10% re-rating in Eurozone equities in comparison to US stocks, strategists at JP Morgan said.
UK manufacturing sector seeing beginning of slowdown, CBI trends show
UK manufacturers enjoyed strong domestic and export demand in the first quarter but see a slowdown ahead, according to an industrial trends survey.
French presidential election to mark start of dollar slide, HSBC says
Analysts at HSBC said the French presidential election could be a positive catalyst for the euro as markets moved to price-in less political risk and greater economic upside in the eurozone, but increased political uncertainty in the US would be negative for the dollar.
French Presidential Elections 2017 - Analysts react
"The result is more than a risk avoided. It offers a genuine chance to reform France and strengthen the Eurozone and the EU. Fillon and Hamon immediately endorsed Macron. Fading political risk in France adds to the chance that French and Eurozone growth can surprise to the upside this year. [. ] The late surge in support for Melenchon, who espouses the kind of loony left ideas that bankrupted Venezuela, remains scary. It shows that the potential for populist accidents is not confined to the UK (Brexit, Corbyn) and the US (Trump, Sanders).
French equity futures jump after election result, analysts divided
Equity futures were pointing to a sharply higher open for French stocks after centrist Emanuelle Macron was revealed to have won the first round of voting in the country's presidential elections at the weekend.