Politics to and from the pond dominated yesterday’s action. Firstly, in the UK, Prime Minister Theresa May and Labour leader Jeremy Corbyn clashed at the election PMQ’s. The two leaders set out their election case ahead of the vote scheduled June 8th. Prime Minister May has already ruled out taking part in TV debates during the election campaign, and now Corbyn has followed suit stating that he will not take part in a TV debate without Theresa May.
Across the Pond, President Donald Trump announced his strategy to tighten sanctions on North Korea at a special briefing in front of all 100 senators. The States are said to be stepping up diplomatic movements in order to pressure North Korea to end its nuclear and missile programmes. Secretary of State, Rex Tillerson issued a statement “The United States seeks stability and the peaceful denuclearisation of the Korean peninsula” as the US tries to sooth the current tensions between North Korea and the world.
The European Central Bank rate decision and press conference will be the main event for markets to focus on. As growth and inflation have shown steady gains, many are looking for the head of the ECB, Mario Draghi to talk about the start of the tapering of their current QE. As rates are expected to remain unchanged, the focus will be on what Draghi will outline as future actions, if the Eurozone continues to gain momentum on all fronts.
From the US, this afternoon the monthly Durable Goods Orders will be looked at to see if there is a possible slowdown happening.