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European close: Dovish ECB sparks a big rally
The ECB appears to have gotten the message that the economy is slowing and has now pledged data dependency towards hiking in September and/or beyond. Market pricing puts Sept hike odds at 38%.European equities like what they heard. Closing changes today:Stoxx 600 +1.4%German DAX +1.7%FTSE 100 +0.3%French CAC +2.2%Italy MIB +2.1%Spain IBEX +1.0%The DAX is up against the June highs now: This article was written by Adam Button at www.forexlive.com...
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Posted: Jul 27 2023, 15:38
Author Name: forexlive
Views: 080890