All articles tagged with #ecb rate cut
The European Central Bank is almost certain to cut its key interest rate by 25 basis points, amid a sluggish eurozone economy and inflation near its 2% target, with further rate cuts expected later in the year, which could influence borrowing and savings rates for consumers.
European stocks rose, driven by tech shares, ahead of an anticipated interest rate cut by the European Central Bank. Nvidia reached a $3 trillion market cap, and global markets showed mixed movements with a focus on upcoming economic data and central bank decisions.
European stocks are set to open higher as traders anticipate the European Central Bank's first rate cut since 2019, despite recent higher-than-expected euro zone inflation data. This expectation has also boosted markets in Asia-Pacific and fueled hopes for a similar move by the U.S. Federal Reserve.
Asia-Pacific stocks rose on Thursday as investors anticipate a rate cut from the European Central Bank, with softer U.S. labor market data fueling hopes that the Federal Reserve might follow suit. Japan's Nikkei 225, Australia's S&P/ASX 200, and Hong Kong's Hang Seng index all saw gains. In the U.S., Nvidia led major tech stocks higher, contributing to record closes for the S&P 500 and Nasdaq Composite.