Reply To: Traders Market Weekly: Fed and BOJ Dribble Ahead

#74670
Truman
Participant

Major European indices trade in the green ahead of the European Central Bank’s expected rate cut announcement at 8:15 ET.

STOXX Europe 600: +0.8%,
Germany’s DAX: +0.8%,
U.K.’s FTSE 100: +0.4%,
France’s CAC 40: +0.6%,
Italy’s FTSE MIB: +0.6%,
Spain’s IBEX 35: +0.6%.

The market will be eager to hear commentary from ECB President Lagarde to help shape rate expectations for the next few months.

The ECB is expected to approve the Greek banking sector’s request to resume dividend payments after more than 15 years.

Italy’s stats agency raised its domestic growth forecast for 2024 to 1.0% from 0.7% while the initial forecast for 2025 was set at 1.1%.