ProShares UltraShort Euro

EUO

Market cap $37.5M

European shares moved higher on Friday as investors responded positively to signs of progress in peace talks between the United States and Iran, despite both sides continuing to disagree on several major issues. The pan-European STOXX 600 index rose 0.5% to 623.79 points by 0703 GMT and was on track to close the week with gains.

Contrary to what some Trump officials believe, Europe remains critical to our defense and, indeed, to securing the Free World. Therefore, the sudden, unexpected cancellation of a U.S. Army armor brigade's deployment in Poland raises a deeply disturbing question: Is Washington retreating from Europe?

French bond yields have risen significantly against German bunds and are likely to stay elevated or potentially move higher. The European Central Bank still appears to be a reliable backstop against excessive bond turmoil.

Absolute Return Partners is a London-based investment advisory business. Founded by Niels Jensen in 2002, it focuses on providing bespoke alternative investment solutions to institutional investors.

French bond markets are selling off for a second day as investors adjust positions ahead of the unexpected French parliamentary elections later this month. We take a look at how European bond, FX and credit markets could perform.

Along with rising speculation of EUR/USD approaching parity, the old question of how the European Central Bank should react to exchange rate movements is returning. We think that the falling euro is not the ECB's biggest concern on the road to a June rate cut.