1 Strong first-quarter earnings appear to be more than a one-time rebound, supporting our view of a sustained economic expansion.
2 Risk assets rose on upbeat earnings and as a June U.S. rate rise looked more likely. Emmanuel Macron won the French election.
3 Chinese inflation data for April should moderate, in line with last week’s PMIs, signaling a plateauing of Chinese industrial profits.
20170508-BlackRock-Weekly Commentary.pdf
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