It has now become clear that the new president of France is Emanuel Macron, and that will support the euro. He won against Marin Le Pen with 65.5% to 34.5%. Euro is expected to open with gaps.
The news that will drive markets through the Asian session are from China and Australia.
China is to release April trade figures at around 03:00GMT on Monday. The report is expected to show that the country’s trade surplus widened to $35.5 billion last month from a surplus of $23.9 billion in March.
Exports are forecast to have climbed 10.4% in April from a year earlier, following a jump of 16.4% a month ago, while imports are expected to rise 18.0%, after increasing 20.3% in March.
Australian construction permit data will affect AUD, with better results expected for currency support.
Indices:
The ASX will open around 5890.10 Nikkei around 19,746.80 and Shanghai Composites at around 3347.
Junior Trader Stefan Panteleev
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