Risk sentiment on the front foot – Lloyds Bank

Nikesh Sawjani, Research Analyst at Lloyds Bank, explains that risk sentiment has started the week on the front foot following the US government’s achievement in probably avoiding a partial shutdown.

Key Quotes

“The Nasdaq rose to a record high, shrugging off news that North Korea attempted a ballistic missile launch early on Saturday. A relatively quiet data calendar today suggests that expectations around this weekend’s second round election in France are likely to remain the key influence for markets. With Macron way ahead in current polling, any significant shift towards Le Pen could weigh on risk sentiment.”