Global financial markets continued to edge cautiously higher through May. Equities in the US rose overall but had a choppy month as the focus on political risks intensified. The UK’s equity market made a strong gain, to touch a record high on the FSTE 100, due primarily to the weaker GBP. In Europe, increases were more modest but nonetheless held on to some post-French election optimism. And it is to be expected that continued optimism around the Eurozone economy should be supportive.
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