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


Major European indices trade right around their flat lines while Germany’s DAX (+0.5%) outperforms despite the release of disappointing retail sales for April.

Manufacturing PMI readings from the region’s main economies remained in expansionary territory. European Central Bank policymaker Holzmann said that record inflation confirms the need for a 50-bps rate hike. French Finance Minister Le Maire said that he expects inflation in his country to peak at the end of 2023.

—Equity Markets—

STOXX Europe 600: -0.04%
Germany’s DAX: +0.5%
U.K.’s FTSE 100: +0.03%
France’s CAC 40: +0.4%
Italy’s FTSE MIB: +0.2%
Spain’s IBEX 35: -0.2%