U.K. markets are closed for the late May bank holiday, while stateside, U.S. markets are shut for Memorial Day.Elsewhere, the EU Foreign Affairs Council will meet Monday to discuss issues including the ongoing Russian-Ukraine war and tensions in the Middle East. And French President Emmanuel Macron will continue his state visit to Germany.There are no major earnings or data releases due Monday. Later in the week, traders will be eyeing euro zone inflation figures for May due on Friday.
"Thanks to this disinflationary process, inflation is converging to our 2% target in a sustained way, and the time is thus ripe in June to ease the monetary policy stance and start cutting rates,""This obviously assumes that the disinflationary trend will continue and there will be no further setbacks in the geopolitical situation and energy prices."
"While there was some angst last year over heavy concentration in Big Tech stocks, the market has broadened out significantly in recent months," Mayfield said. Wall Street is still mostly bullish on Nvidia. But investors who are worried about being overexposed to Nvidia or who want to make their portfolios more balanced could consider replacing their Nvidia allocation or complementing it with other growth stocks with a low correlation to the chipmaker.has rallied 15% week-to-date. The stock has surged following its better than expected quarter earnings report on Wednesday, which indicated ongoing strong demand for its artificial intelligence chips.
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