Stocks thus far show little reaction to the expected ECB lending rate cut. Less expected was the...
Stocks thus far show little reaction to the expected ECB lending rate cut. Less expected was the cut in the deposit rate to 0%, suggesting a move by the central bank to push away all the deposits hoarded there. The quick take is stocks could be disappointed at not getting more aggressive action from the ECB. Stoxx 50 +0.5%. The euro dives, -0.6% to $1.2459.
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