Reply To: Traders Market Weekly: Memorial Weekend a Time for Reflection


Major European indices trade in the green while Italy’s MIB (-0.7%) underperforms.
European Central Bank President Lagarde indicated that the central bank expects to be in a position to exit negative rates by the end of Q3.
Bundesbank expects Germany’s economy to grow modestly in Q2. The European Commission confirmed that EU’s debt rules will remain suspended through 2023.
Germany’s Finance Minister Lindner said that the EU’s expansive fiscal policy must end.

STOXX Europe 600: +0.7%
Germany’s DAX: +0.5%
U.K.’s FTSE 100: +1.2%
France’s CAC 40: +0.4%
Italy’s FTSE MIB: -0.7%
Spain’s IBEX 35: +1.2%