European markets are poised to open mixed on Tuesday after a quiet start to the trading week in which several key global markets were closed.The U.K.'s FTSE 100 was seen opening lower after markets were closed for the late May bank holiday, while other major European bourses were seen moving higher.
"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,","Barring major surprises, at this point in time there is enough in what we see to remove the top level of restriction."
The comments add to speculation that the ECB may move ahead of the Federal Reserve, which has grown more cautious in its assessment of the path for inflation.European stocks are set to open mixed on Tuesday as U.K. markets reopen following Monday's public holiday. The global semiconductor industry is set to experience"groundbreaking changes," Citi said, naming stocks to play the theme."