On Tuesday, marks the first full trading day of the new month. Expect to come across lots of “sell in May, go away” headlines. So far, we haven’t seen any significant selling in the stock markets. If anything, the major indices in the United States remain very close to their all-time highs, while in Europe the German DAX has held above its old record high at 12390 while the UK’s FTSE is about 200 points shy of its ATH hit in March.
European shares edged up on Wednesday and gold fell as questions hung over the 'reflation' trades that had lifted markets since Donald Trump became U.S. president, while sterling held near a six-month high after Tuesday's calling of a snap UK election.
Shares and the dollar fell on Tuesday as a snap general election call in Britain added to a lengthening list of uncertainties for investors already on edge over tensions simmering from North Korea to France.