What's moving markets today: Live updates - CNN

The European Central Bank meets today as global trade tensions escalate and the race to find a replacement for president Mario Draghi heats up.

Analysts expect the central bank to outline details on additional cheap loans for banks while maintaining historically low interest rates.

Almost certain to come up: whether Draghi and the ECB would be open to cutting interest rates lower still.

"Draghi may have to adopt a dovish tone again, and, at least, not rule out rate cuts if asked about them," Bank of America Merrill Lynch analysts said recently in a research note.

The US Federal Reserve suggested it could cut rates earlier this week, driving markets higher. Fed Chair Jerome Powell said that he's closely monitoring developments on trade, and that the bank will "act as appropriate to sustain the expansion."

Meanwhile, India's central bank on Thursday gave the country its third consecutive interest rate cut as it tries to get a slumping economy back on track.

Let's block ads! (Why?)

https://www.cnn.com/business/live-news/stock-market-news-today-060619/index.html

2019-06-06 13:26:00Z
CBMiUGh0dHBzOi8vd3d3LmNubi5jb20vYnVzaW5lc3MvbGl2ZS1uZXdzL3N0b2NrLW1hcmtldC1uZXdzLXRvZGF5LTA2MDYxOS9pbmRleC5odG1s0gFUaHR0cHM6Ly9hbXAuY25uLmNvbS9jbm4vYnVzaW5lc3MvbGl2ZS1uZXdzL3N0b2NrLW1hcmtldC1uZXdzLXRvZGF5LTA2MDYxOS9pbmRleC5odG1s

Bagikan Berita Ini