(The Closing Bell will be updated sometime after 4:00 PM CDST to include the latest updates from IBD and Bloomberg Evening Briefing.)
FYI: Global stocks gained Monday after voters in European Union 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 0.2%, buoyed by the autos and parts subindex, which gained 1.6% as car makers’ shares rose on Fiat Chrysler ’s and Renault ’s confirmation of merger talks.
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 Stock Average rose 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 were flat for the Nasdaq 100, while pointing 0.1% lower for the S&P 500.
Italian 10-year government bonds yielded 2.655% Monday, up slightly from Friday. The spread over similar German government bonds, often seen as a barometer of eurozone cohesiveness, remained elevated at 2.8 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 lower against the dollar at $1.267.
The WSJ Dollar Index, which tracks the dollar against a basket of currencies, rose 0.1%. Brent crude rose 0.6% to $67.9 a barrel.
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/CNBC:
https://www.cnbc.com/2019/05/27/europe-markets-stocks-seen-higher-in-wake-of-eu-parliament-elections.htmlReuters:
https://www.reuters.com/article/europe-stocks/european-shares-higher-on-possible-fiat-renault-merger-eu-vote-in-focus-idUSL4N2331N9U.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.htmlWSJ: Markets At A Glance:
https://markets.wsj.com/usMajor ETFs % Change:
https://www.barchart.com/etfs-funds/etf-monitorSPDR's Sector Tracker:
http://www.sectorspdr.com/sectorspdr/tools/sector-trackerSPDR's Bloomberg Sector Performance Pie Chart:
https://www.bloomberg.com/markets/sectorsCurrent Futures:
https://finviz.com/futures.ashx 
