Global Weekly: An eventful week

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Due to political events, such as the UK elections, equity markets behaved cautiously. Bond markets were focused on the ECB and low inflation.

Macro update
The result of the UK snap election, called by Theresa May seven weeks ago, has ended differently than she had planned. In the midst of UK political uncertainty, markets remain calm.

In a race that became closer than expected, the Conservatives have seen their number of seats in the House of Commons decline. Not only was May denied the “mandate” she sought to strengthen her Brexit negotiations, her Conservative Party has lost the absolute majority.

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