Morning Comment

The FOMC minutes released yesterday evening gave some insight into the Fed’s plans to begin reducing their balance sheet as ‘most’ participants support changing the reinvestment policy ‘later this year’.

Emmanuel Macron and Marine Le Pen see their odds of winning the first round decrease somewhat in the latest polls, as Jean-Luc Melechon continues to gather traction.

On the data front today we that the release of ECB minutes, with focus on surrounding President Trump’s meeting with President Xi Jinping in Mar-a-Lago today.