Stocks and bonds have very different ideas about where the US economy is going.
The results from the first round of the French elections can still be seen in equity markets.
According to a White House official, president Donald Trump plans to lower US corporation tax to 15%, while also lowering individual taxes.
On Sunday, the final French presidential candidates were chosen.
Voters have yet again shunned political norms, in favour of alternative outsiders. This time, it was France’s turn to rebel.
After a shooting in central Paris on Thursday, the euro fell sharply. The euro is now trading at 1.071 against the dollar.
With the French elections just around the corner, European investors are growing more concerned and volatility is on the rise.
The FTSE 100’s inverse relationship with the pound has been all too apparent this week.
US equities slumped yesterday after Goldman Sachs’ disappointing earnings report.
UK assets take centre stage after UK Prime Minister Theresa May called a snap election for the 8th of June.