European stocks overall look to be in wait-and-see mode: the Stoxx 600's 1% gain in May puts it on course of a fourth-straight monthly advance, yet gains have slowed since March. ith the French election removing a big source of political risk, fundamentals such as strong economic growth and earnings may be priced in. Technicals paint a positive picture.
Investors are waiting for the next big catalyst and they may find it in this week's data, which may show economic confidence hitting the strongest level in almost a decade and unemployment falling to the lowest since March 2009.
Source: Bloomberg Pro Terminal
Jr Trader Alexander Kumanov
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