• North Korea has launched a new missile that has fallen in Japanese waters
  • "Europeans, we must be the owners of our own destiny", said The German Chancellor, Angela Merkel
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The markets starts this monday with falls (Ibex: -0.4%) and with the attention, again, in Donald Trump ... and also in North Korea. Trump (and Theresa May) is again news "by allusions" after the German Chancellor, Angela Merkel, said, after the G7 summit, that "the times we could trust each other come to their end", alluding to the support of the United States and the United Kingdom to Europe. "I can only say that we Europeans must be the owners of our own destiny," he added.

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As for North Korea, a new ballistic test, with the launching of a missile that has fallen in waters of Japan. Japanese Prime Minister Shinzo Abe has said that they are unwilling to accept "repeated provocations from North Korea despite continued warnings from the international community."

However, on Monday the stock markets will live an atypical day as Wall Street is closed for the Memorial Day holiday, which, as usual, the volume of business could be depleted in Europe. In addition, there are few macro references in the calendar of the day, except Spain's retail sales in April (up 1.8% year-on-year versus 1.3% previously) or the M3 money supply, also in April

European Central Bank (ECB) President Mario Draghi will speak again Monday at around three in the afternoon. If he sticks to the script of his last appearances, Draghi will again defend his stimulus measures ahead of next week's ECB monetary policy meeting (8 June).

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