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It’s not necessary to reach an agreement on the European recovery fund on July 17th, Dutch Prime Minister (PM) Mark Rutte said on Friday.

Market reaction

This comment doesn’t seem to be having a significant impact on market sentiment. As of writing, the Euro Stoxx 50 Index was down 0.65% on the day at 3,298 and Germany’s DAX 30 was losing 0.4% at 12,559. 

Meanwhile, which dropped to a daily low of 1.1220 during the European session, is now flat on the day at 1.1240.