European equities ended Monday broadly positive, while the U.S. market was closed for the Memorial Day holiday. Traders maintained an overall positive risk sentiment on European assets, driven by near-total certainty that the European Central Bank (ECB) will deliver a rate cut at its June meeting. Three key ECB members — chief economist Philip Lane, Finland Central Bank governor Olli Rehn and France Central Bank governor François Villeroy de Galhau — made reassuring statements indicating a rate cut is imminent. “A June rate cut is appropriate if the inflation outlook holds,” Lane said. “Inflation is converging to our 2% target in a sustained way, making it the right time in June to ease the monetary policy stance and start cutting rates,” Rehn said. “Barring a ...