The ECB will be hard pressed to escalate QE and will probably have to normalize policy around the same time the Fed begins to normalize its balance sheet.
Globally, the political front remains fraught with tensions in North Korea, Afghanistan, Syria and divisions in Europe.
The elections will have positive effect on sentiment and impact on Indian equity markets.
Across the pond, Antonio Tajani was elected president of the European Parliament marking a shift from the centre to the right.
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