With headlines like 'Plans for Political Union Unravel' (WSJ) and 'Draghi's Blunt Warning on Bank Stress Test' (FT), policy (or, rather, lack of a coordinated one) appears poised to exert its influence on European equities once again:
Combined with somewhat weaker economic and sentiment-related data releases, as well as overbought and extended technical patterns, can European stocks continue to move higher?