The bull trend in US equities is undeniable, but questions are being asked about the longevity of the rally as stocks now that fewer stocks are taking part in the ascent

​​​Outlook on FTSE 100, DAX 40 and CAC 40 amid quiet start to the week.

The renewed yen depreciation led USD/JPY perilously close to the 160 mark after BoJ minutes mentioned the effect of currency weakness on a potential inflation overshoot

The Nasdaq and S&P 500 continue to print new all-time highs, the US dollar is benefitting from weakness in the Euro and the British Pound, while the recovery in gold continues.

Outlook on FTSE 100, DAX 40 as the S&P 500 continues to trade in all-time highs

Sterling continues to slip lower going into the weekend as UK bond yields post fresh multi-week lows.

Japanese CPI data shows mixed results as yen continues to decline despite rising JGB yields. USD/JPY approaches 160, raising intervention concerns

The yen continues its steady decline, approaching levels that triggered intervention in April. AUD/JPY and USD/JPY climb as bond yields offer no support

​​The Dow is edging up and the Nasdaq 100 is at a new high, while in Asia the Hang Seng may have created a higher low. ​

The Bank of England (BoE) left interest rates unchanged today as expected, despite headline CPI falling back to target.

The Swiss National Bank voted to lower its policy rate, following on from March’s surprise cut. Inflation is expected to remain well below the 2% target, stabilising at 1%

Today’s US inflation data for May and the latest FOMC policy decision, including the quarterly Summary of Economic Projections, will be the drivers of market price action over the coming weeks.

Risk markets are on the backfoot as US trading starts, with European indices continuing this week’s move lower. Gold has stabilized and is using chart support to push higher.

The risk gauge for EU bond markets (periphery bond yields) have risen since French President Macro’s announcement to hold parliamentary elections, weighing on the Euro

​​While the Dow continues to struggle, the Nasdaq 100 is back at its previous peak. The Nikkei 225 has made a solid start to the week and is looking to move higher.​

As the US dollar continues to strengthen against the Japanese Yen, all eyes are now on the Bank of Japan’s monetary policy meeting on Friday.

UK job losses accelerated in May by over 50,000 – the most since February 2021 while pay growth rose. The Bank of England meets next week to set interest rates

Stubborn inflation and a robust labour market are likely to add to concerns FOMC members are having around cutting interest rates prematurely. Even growth is on track for a recovery

Gold and silver are trying to recover some of last Friday’s post-NFP heavy losses but further gains may be limited ahead of the latest look at US inflation and the FOMC policy decision.

Outlook on FTSE 100, DAX 40 and CAC 40 following European election results which saw a significant shift to the right.