Oct 17th, 2024

ECB Steps Up Pace With Back-to-Back Rate Cuts, China Property Shares Tank | The Opening Trade 10/17

 The European Central Bank is set to lower interest rates for a second straight meeting, just five weeks after the last reduction, analysts predict that rates will be decreased by another quarter-point on Thursday.  China’s pledge to nearly double the loan quota for unfinished residential projects to $562 billion fell short of market expectations. TSMC raised its target for 2024 revenue growth after 3Q earnings beat estimates, allaying concerns about global chip demand and the sustainability of an AI hardware boom. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Kriti Gupta.