OMGI's Buxton predicts 'summer of tedious, range-bound markets' despite elections

'UK elections offer little scope for a shock'

Just as the UK embarked on the series of bank holiday-shortened weeks which traditionally take us through into summer, the weather took a distinctly chillier turn for the worse.

In the stockmarket, by contrast, the prospect of a long, tedious summer of range-bound markets appears all too close and real. The prospect of severe dislocation in Europe has been all but eliminated by a presidential victory for Emmanuel Macron in France, following the earlier fading of the extremist threat in the Dutch elections. OMGI's Buxton avoids Brexit mistakes following US election Economic data across Europe is increasingly positive, the European Central Bank remains hugely supportive, and the risk of a major upset in the German elections this autumn is fading. The UK's...