European shares rise modestly ahead of ECB rate decision
European stocks opened slightly higher on Thursday as markets await the ECB's expected 25 bps rate hike.
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European stocks opened slightly higher on Thursday as markets await the ECB's expected 25 bps rate hike.
The ECB is expected to raise rates by 25 bps to 2.50%, with analysts divided on whether this marks the peak or another hike in December.
US authorities restrained $52 million in crypto from Chinese scam marketplace Xinbi and seized its Telegram channels.
EUR/USD expiries at 1.1600 and 1.1650 are set for 10 September 10am New York cut, reinforcing range-bound trade ahead of the ECB decision.
Germany's final August CPI confirmed 2.9% y/y, as energy price inflation surged 10.5%.
The US Treasury tripled its bond buyback to $6 billion, but 10-year yields remain near 4.85% as expectations were for a larger intervention and inflation…
Barclays raised its S&P 500 year-end target to 7,950, citing AI demand and strong tech earnings.
The CLARITY Act faces a Senate procedural vote on September 15 that will decide the fate of US crypto regulation.
Trump promised a $5,000 payout to every US adult if Republicans keep Congress, as a poll showed his approval at a record low 32%.
Gold held near $4,400 and oil traded flat. BOJ's Masu signaled further rate hikes, while Trump proposed $5,000 checks. Germany moved to end crypto tax…