European Central Bank rate decision, market and company reviews
Market reviews
Asian and European stock markets are rising as investors have renewed interest in tech stocks, particularly Nvidia, while looking for a near-certain rate cut from the ECB and possible hints of more to come. A weaker yen has lifted the Nikkei nearly 3%, overshadowing hawkish comments from a top Bank of Japan official that rates should eventually reach 1%.
Europe is set for solid gains ahead of its big event of the day: the European Central Bank's policy decision. EUROSTOXX 50 futures jumped 1.2%, while FTSE futures rose 1%. A quarter-point cut is priced in, but the...