Market Recap – Waiting for the FED

Financial markets participants are waiting for tomorrows FOMC meeting, and the upcoming general elections of the UK and the ECB meeting on Thursday. No rate cut is expected by the FED.

Yesterday, the Ukrainian President Volodymyr Zelenky and the Russian President Vladimir Putin agreed to implement a full and comprehensive ceasefire in eastern Ukraine.

Today, President Trump and US Secretary of State Mike Pompeo, will meet with the Russian Foreign Minister Sergei Lavrov in Washington.

Macro releases: Earlier today, the Chinese inflation reading was increased. Today’s economic calendar includes the UK GDP release, the German and European ZEW Economic sentiment and the US Unit labor costs.

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