OVERNIGHT MARKETS ROUND UP – 27/05/14

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UK futures are indicating a higher open, following an optimistic session in Europe yesterday. Positivity crept into the markets as investors digested the European Parliament elections and Ukraine lending support. The elections showed that anti-EU parties will remain a clear minority in the new EU-parliament and will not be able to block legislation. The popularity of the fringe parties is likely not to change ECB policy, calming markets. Ukrainian elections also managed to go ahead without escalating tension, a worry that played on everyone’s minds. 

Asian stocks eased slightly overnight following Monday’s gains while the euro remaining vulnerable after overnight comments from the European Central Bank chief heightened expectations of easing steps in the euro zone

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