European Stocks Rise With ECB Rate Cut All But Certain
Europe’s stocks were rising, with investors convinced that the continent’s central bank will slash interest rates again on Thursday.
The flagship Stoxx 600 index rose 0.4% in morning trading. Frankfurt’s Dax was also up 0.4%, while London’s FTSE 100 climbed 0.2% and Paris’s CAC 40 added 0.5%.
The European Central Bank is set to announce its latest policy decision at 8.15 a.m. Eastern time. Traders are all-but-certain that the ECB will cut borrowing costs for an eighth consecutive meeting. That would no doubt frustrate President Donald Trump, who’s been pushing for Federal Reserve Chair Jerome Powell to make similar moves.