Apr 21, 2017 | Investment Advice

International News (Issue 445) – April 21st, 2017

This week the major news came out of the UK with news the British PM had called a nap election for early June aimed at bolstering her negotiation powers ahead of talks with EU leaders on Britain’s exit from the EU.

The news was taken well by markets and the British Pound jumped several percent on the day.

The big news offshore this weekend and in the coming weeks comes out of France with the first round of French Presidential elections seemingly pointing to strong centrist votes such that in spite of a strong early showing, Marine Le-Pen’s quest for the Elysee Palace looks set to be fruitless.

This is clearly a big deal for markets, but thus far the polls seem to point toward a likely orderly outcome as we enter the second round of voting in a fortnight.

Wednesday Closing Values

U.S. S&P 5002356+11+0.5%
London’s FTSE7119-230-3.1%
Japan’s Nikkei18430-123-0.7%
Hang Seng24057-257-1.1%
China’s Shanghai3172-102-3.1%

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