According to online reports, Citigroup said that the bullish momentum of the U.S. stock market continues to weaken, and this trend is also reflected in European markets on the other side of the Atlantic. European stock market investors are facing political turmoil in France, while the European Central Bank is expected to keep interest rates unchanged for the second consecutive time on Thursday. "Bullish positions in the United States continue to decline, and normalized levels of the S & P 500 and Russell 2000 are declining, although there are still some new inflows of risky capital into the market," Citi said in a report. The report added that "positions in the Nasdaq index have become more resilient and bullish levels remain high." The bank believes that recent labor data from the United States makes it more likely that the Federal Reserve will cut interest rates.