DAX

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 Ju

Investors hoping for European Central Bank (ECB) President Christine Lagarde to signal a path towards interest rate cuts in 2024, in line with Federal Reserve Chair Jerome Powell‘s previous day remarks, found themselves recalibrating these expectations following her hawkish press conference on Thursday. At its final meeting of the year, the ECB opted to keep its key interest rates unchanged, marking the second straight hold and likely signaling that the end of the tightening cycle began in July 2022. However, the similarities with the Fed’s meeting ended there. While Powell subtly opened the door to future rate reductions, Lagarde’s narrative was decidedly different. Read also: Fe

To gain an edge, this is what you need to know today. Goldilocks Please click here for a chart of Germany’s DAX futures (NASDAQ:DAX). Note the following: Germany is the economic engine of Europe. The chart shows a very strong stock rally in Germany. RSI on the chart shows that after the strong rally, stocks have become overbought. The chart shows that technical resistance is ahead. In The Arora Report analysis, consensus is building among investors that the European Central Bank (ECB) will cut rates six times by a quarter point each in 2024.   In The Arora Report analysis, there is a high probability of ECB beginning rate cuts before the Fed.   The newly released Automatic Data

Benzinga’s “Daily Brief On Trending Tickers” highlights top-searched tickers from around the web and uses the Benzinga Pro platform to highlight recent news items possibly impacting those stocks. The data on the trending tickers is compiled from a list of most-discussed tickers on the popular Reddit forum WallStreetBets. Teucrium Wheat Fund (NYSE:WEAT) Shares of the ETF touched a new 52-week high of $11.75 on Thursday and gained more than 15% in the regular trading session, even as the major U.S. indices closed lower. The ETF’s gains come as wheat and corn prices have surged along with other commodities amid Russia’s invasion of Ukraine stoking fears about inflation due to tighter global s