Having learned its lesson that both an "unexpected" result (in the case of Brexit and Trump), and a "priced in", favorable election outcome both lead to higher risk prices, the market no longer even pretends to be nervous about the outcome of this Thursday's general election in the UK.
S&P futures point to a slightly lower open ahead of today's US non-mfg ISM and Service PMI data. European shares fall, while Asian shares are little changed. Several European countries, including Germany, are closed for Whit Monday leading to subdued trading. Crude futures have reversed overnight gains following the latest unexpected Gulf Crisis overnight, in which Gulf nations cut all diplomatic relations with Qatar amid striking allegations of funding terrorism, as reported overnight.
Speaking to the public following the attacks in London last night - the third such terorist incident since March - UK Prime Minister Theresa May proposed Sunday that the UK work with democratic allies to root out extremist groups from the internet and social media.
Here’s May:
“We cannot allow this ideology the safe space it needs to breed, yet that is precisely what the internet, and the big companies that provide internet-based services provide.”
After the third deadly terrorist attack on UK soil in less than three months (and one which paradoxically took place just days after the UK lowered its "imminent attack" terror alert), Prime Minister Theresa May - facing a crucial election on Thursday - vowed to (finally?) step up Britain’s fight against Islamist extremism, saying “enough is enough” after Saturday night's terrorist attacks left seven dead and 48 injured.