European equities ended Monday broadly positive, while the U.S. market was closed for the Memorial Day holiday.
Traders maintained an overall positive risk sentiment on European assets, driven by near-total certainty that the European Central Bank (ECB) will deliver a rate cut at its June meeting.
Three key ECB members — chief economist Philip Lane, Finland Central Bank governor Olli Rehn and France Central Bank governor François Villeroy de Galhau — made reassuring statements indicating a rate cut is imminent.
“A June rate cut is appropriate if the inflation outlook holds,” Lane said.
“Inflation is converging to our 2% target in a sustained way, making it the right time in June to ease the monetary policy stance and start cutting rates,” Rehn said.
“Barring a ...Full story available on Benzinga.com
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