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News and Insights » Market Review, Week Ending May 5, 2017

Market Review, Week Ending May 5, 2017

The U.S. stock market finished last week off relatively flat as the Federal Open Market Committee concluded their meeting. Their decision to hold off on an interest rate hike did not come as a surprise. Most economists expect that the committee will hold off until at least June to make any changes to interest rates or monetary policy.

The French election concluded this past weekend with Emmanuel Macron being elected France’s youngest head of state since Napoleon. The 39-year-old won nearly two-thirds of the votes, defeating opponent Marine Le Pen.

Meanwhile, European stocks continue to trend upward as the elections results support investor expectations. Looking forward to the coming weeks, economists will watch oil prices as output has risen to 9.29 million barrels/day, the highest level since August 2015. However, there remains some uncertainty in the oil market as OPEC tries to find a balance between production quantity and prices.

May 8th, 2017 @ 12:00am by UMAFS
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