FYI: (U.S. Stock & Bond Markets Closed)
Global stocks gained Monday after voters in European parliamentary elections showed broad but more fragmented support for pro-EU parties, while populist factions gained less ground than expected.
In Europe, the pan-continental Stoxx Europe 600 rose 0.3%. The euro was slightly higher against the dollar at $1.12 and German government bond yields, considered the benchmark in the region, were down slightly at negative 0.13%.
In Asia, markets were mixed, as President Trump talked trade with Prime Minister Shinzo Abe on his visit to Japan. The Shanghai Composite closed 1.4% higher, while the smaller-cap Shenzhen closed up 2.5%. Hong Kong’s Hang Seng ended the day 0.2% lower and Japan’s Nikkei up 0.3%.
Financial markets in the U.S. and U.K. were closed Monday for holidays.
In the U.S., futures pointed to gains of 0.05% for the Dow Jones Industrial Average and 0.01% for the Nasdaq-100, while pointing 0.01% lower for the S&P 500.
Italian 10-year government bonds yielded 2.58% Monday, down slightly from Friday. The spread over similar German government bonds, often seen as a barometer of eurozone cohesiveness, remained elevated at 2.68 percentage points.
Italian 10-year government bonds yielded 2.58% Monday, down slightly from Friday. The spread over similar German government bonds, often seen as a barometer of eurozone cohesiveness, remained elevated at 2.7 percentage points.
In the U.K., Nigel Farage’s Brexit Party was projected to come in first with over 30% of the vote, according to partial results. The outcome could pressure the ruling Conservative Party as it chooses a new leader in the wake of Prime Minister Theresa May’s planned exit. The pound was slightly higher against the dollar at $1.272.
The WSJ Dollar Index, which tracks the dollar against a basket of currencies, rose 0.1%. In commodity markets, oil prices traded largely flat. Brent crude fell 0.5% to $58.32 a barrel. Meanwhile, gold prices rose 0.1% to $1,286.35 an ounce. Bitcoin futures rose 9% to $8,875, their highest level in over a year.
Regards,
Ted
MarketWatch:
https://www.marketwatch.com/story/european-stocks-higher-after-eu-elections-fiat-renault-climb-on-merger-proposal-2019-05-27/printWSJ:
https://www.wsj.com/articles/stocks-edge-higher-in-wake-of-european-elections-11558946842Bloomberg:
https://www.bloomberg.com/news/articles/2019-05-26/asia-stocks-set-for-mixed-start-euro-steadies-markets-wrap?srnd=premiumIBD:
https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-workday-stock-market-correction/Reuters:
U.K.: (Closed)
Europe:
https://www.reuters.com/article/us-global-markets/european-stocks-gain-on-eu-election-relief-and-auto-shares-surge-idUSKCN1SX00VAsia:
https://www.marketwatch.com/story/asian-markets-mixed-as-trump-visits-japan-2019-05-26/printBonds:
https://www.cnbc.com/2019/05/24/us-bonds-in-focus-on-wall-street-amid-ongoing-trade-war-worries.htmlCurrencies:
https://www.cnbc.com/2019/05/27/forex-markets-eu-parliamentary-election-in-focus.htmlOil:
https://www.cnbc.com/2019/05/27/oil-markets-opec-supply-cuts-us-china-trade-war-in-focus.htmlGold:
https://www.cnbc.com/2019/05/27/gold-markets-us-china-trade-war-dollar-in-focus.htmlCuirrent Futures:
https://finviz.com/futures.ashx 
