European stock markets are generally weak today partly because ECB chief, Jean-Claude Trichet, is being vindicated by the facts. Euro zone inflation bumped higher again in June to +4% year over year, up from May's +3.7%.
Trichet's commentary was as hawkish as usual. He is focused on inflation, and with a Euro priced at 1.58, he is looking much more like the proverbial king of the currency hill than those "King Dollar" fans of yesteryear would like to admit.
By joining our email marketing list you agree to receive marketing emails from Hedgeye. You may unsubscribe at any time by clicking the unsubscribe link in one of the emails.
All hedgeye products and services are subject to Hedgeye's Terms of Service available at