Market Uncertainty Continues Amid Political Turmoil and Mixed Global Performance.

Markets lacked conviction as US stocks barely moved on Friday and Asia-Pacific markets traded mixed on Monday. Turkey's presidential and parliamentary elections closed on Sunday, with a likely presidential runoff on May 28. The US might avoid defaulting on its debt until at least the end of July, but the debate over the debt ceiling remains intense. Bitcoin lost 11.25% last week, hitting a 2-month low of $25,843. US consumers are losing faith in the economy, with a preliminary reading on the University of Michigan's Survey of Consumers showing an unexpectedly low reading of 57.7 for May.