MBCC TH 10th Jun'24 - "EU politics in chaos, while all eyes on US Fed FOMC Wednesday as Bonds collapse!"

EUROPEAN PARLIAMENT ELECTIONS: Huge swing to the right across Europe. In Italy, Georgia Meloni's Brothers of Italy party was on course to be the winner, according to a poll by Swg, published by La7, with the party expected to gain 27% to 31% compared to just over 6% in 2019. In France, Marie Le Pen's party won 32.4% vs 23.3% in 2019 and Macron's party only won 15.2% vs 22.4%. Belgium's Prime Minister Alex De Croo resigns after losing to right-wing parties in EU elections

FRANCE ELECTIONS: Macron dissolves the National Assembly & calls French legislative election after the right surge ahead in the European Parliament elections. The first round of the new legislative election will be held on June 30, with a second round on July 7

We know the main parties like Macron are war mongering to get boots on the ground in Ukraine, which is madness which means an outright war with Russia, it seems they are trying to hold onto whatever power in whatever way possible with no thought for human life!

Now to markets? What will Powell do? What is happening in Bonds?