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3 Numbers: Slight increase likely for US Q1 GDP estimate
The price action in the financial markets during the past couple of sessions has been a bit nervous. The US stock market has managed to rally to new record highs, but the European stock indices have not managed to follow as high. Perhaps Dax or Eurostoxx 50 could be prettier next week? Investors are likely to begin bracing for next week’s US payrolls and then the June central bank meetings. The previous drivers from US President Donald Trump to European headline risk have had very little market impact, and this is likely to continue. This would mean the next week should be quiet, as there will be no important ... (full story)