Lockhart Warns of Excessive Easing, Taming Market Sentiment

As macroeconomic data was light on Tuesday, investors continued to focus on speculations of monetary easing measures by central banks. Shares gained in European session and early US session as Spanish bond auctions were well received and a member of Germany's Christian Democratic Union (CDU) said that the government is willing to give concessions to Greece if it complies with key targets. Wall Street climbed higher in the morning session but gains were erased as Atlanta Fed's Lockhart worried that the monetary policy might be too aggressive and he remained undecided on whether additional stimulus is warranted.

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Lockhart Warns of Excessive Easing, Taming Market Sentiment