Five Things You Need to Know to Start Your Day: Europe
Get up to speed with what the markets are monitoring
Good morning. The ECB meets today. Traders pare their bets on Fed easing. Stocks are in the green on a tech-fueled rally. Here’s what people are talking about.
The European Central Bank is expected to reduce interest rates at its meeting on Thursday for a second time this cycle, as the region’s economy struggles to maintain growth momentum. Though the ECB will likely remain tight-lipped on the pace and extent of further action with inflation not yet fully defeated. Bloomberg Economics forecasts another move in December and quarterly reductions throughout 2025. Earlier this week, Morgan Stanley forecast the euro sliding toward parity with the dollar within months on the risk markets move to price in more aggressive easing by the ECB. The euro is little changed today against the greenback, the second-best performer among G-10 currencies so far this year.