Its little surprise to learn how well the Right has done across EU Elections. The UK will vote for the centre, but it’s likely the right will coalesce into a single stronger Right-Wing party post-election. What does it all mean for markets?

The best way to honour them is to ensure we never have to do it again.

Markets act like rate cuts are already done. Froth rules. The reality is a mis-aligned global economy struggling with multiple consequences from the last 15 years. The real economy is about supply, and China is critical to that argument.

Europe will face massive difficulties rejigging NATO for a post US era. It will be vulnerable to Russian disinformation while facing acute production, labour and cooperation instabilities. But if it could be done…..

Christine Lagarde is under attack from within The ECB from staff who say they mistrust her. They clearly don’t understand their jobs or her role. Lagarde is a politician leading a political central bank. She has already achieved many of her goals. Generals don’t need to be popular – they need to be effective.

Athens and London? The power of positive politics is very evident in Greece. Curiously, the surprise appointment of David Cameron as UK Foreign Secretary might just hint at a positive outcome for the UK if it triggers a proper discussion on Brexit failure and our relationship with Europe.

The risks in Ukraine are escalating as Russia shows the nuclear card – but markets are behaving as if its Russia has been backfooted as the West finally wakes-up to the threat. Russia might have miscalculated some aspects of its strategy, but it would be wrong to think much has changed – yet!

The new Germany looks almost exciting! What will a post-Merkel Germany look like? Will green and business interests align under the new fraffic-light government? How will the relationship with Brussels and the ECB shape up? “Interesting” times ahead.

Global Stock markets seem to be living the dream, but under the surface there are serious concerns. In Yoorp the ECB makes its power play this week to confirm its place within the political trinity of States, EU and ECB by effectively handing itself control of the fiscal and industrial policy levers that could power up Europe. No one tell the Germans…

Demand for the EU’s Social Bond deal was strong as ESG funds scramble to find qualifying assets, but just how much ESG is enough? Has ESG got overly Woke?