Reply To: Traders Market Weekly: Valuation Matters in Earnings Season


Major European indices trade in mixed fashion.

Bank of Italy Governor Visco said that the ECB intends to call for a 25-bps rate hike at the July meeting, adding that a bigger hike could be made in September if medium-term inflation expectations remain elevated. Germany’s biggest landlord, Vonovia, will restrict residential heat at night in the fall.

—Equity Markets—

STOXX Europe 600: -0.2% (+2.0% week-to-date)
Germany’s DAX: +0.2% (+0.7% week-to-date)
U.K.’s FTSE 100: -0.8% (-0.% week-to-date)
France’s CAC 40: -0.5% (+0.7% week-to-date)
Italy’s FTSE MIB: +0.1% (+1.0% week-to-date)
Spain’s IBEX 35: -0.8% (-0.5% week-to-date)