Major European indices trade on a mostly lower note while the U.K.’s FTSE (+0.6%) outperforms after being closed for Spring Bank Holiday yesterday.
—Equity Markets—
STOXX Europe 600: -0.2%
Germany’s DAX: -0.5%
U.K.’s FTSE 100: +0.6%
France’s CAC 40: -0.7%
Italy’s FTSE MIB: unch
Spain’s IBEX 35: +0.1%
European Central Bank policymaker Villeroy de Galhau said that second-round effects of inflation have not appeared yet while policymaker Schnabel said that a rate hike should be made in June.
U.K.
The U.K. is reportedly looking to join EU’s EUR4bln investment fund for startups.
May CBI Distributive Trades Survey -46 (expected -52; last -68)
Spain
April PPI 8.3% yr/yr (last 3.4%)