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Reuters reports European stocks rebounded as investors' optimism outweighed populist concerns. A Macron victory is cited as a remaining factor that could let the ECB begin tapering quantitative easing in June.
Improved European risk sentiment and expected ECB tapering support the euro against the dollar, which mildly weakens dollar-denominated commodity pricing.
reuters.comVikram SubhedarMay 4, 2017After 388 past bullish macro events, Euro (USD per EUR) moved a median +0.3% over 5 sessions (62% higher; middle half -0.4% to +1.1%), and +0.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
