Post-EU Summit Optimism Dissipates as Member States Divided

The post-EU summit rally was limited by weaker-than-expected macroeconomic data released in the US and the Eurozone. Moreover, investors began to concern that the lack of details in the many proposals in the summit statement would suggest problems in terms of implementation. The euro rose in early sessions but pared gains later in the day. Stock markets ended the day higher but trading was choppy.

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Post-EU Summit Optimism Dissipates as Member States Divided