Following Lagarde’s speech, traders have scaled back expectations for near-term ECB rate cuts. The probability of another cut by mid-2026 is now seen at around 50%, down from higher levels before today.
Inflation projections through 2026–27 are broadly in line with earlier forecasts, still somewhat above target in some core measures. That backdrop supports the ECB’s “data-dependent, meeting-by-meeting” approach and makes it less likely that markets can count on guaranteed cuts anytime soon.
German DAX +0.30%France's CAC +0.80%UK's FTSE 100 +0.78%Spain's Ibex +0.68%Italy's FTSE MIB +0.89%
As London/European traders exit, US shares are also solidly higher:
Dow industrial average which fell yesterday is rebounding today by 570.81 points or 1.25%. S&P index is up 53 points or 0.81% and traded to a new record high at 6586.75NASDAQ index is up 150 points or 0.68%. It to has been traded to a new record high at 22,048.65.2 year yield 3.510%, -2.3 basis points5 year yield 3.560%, -2.1 basis points10 year yield 4.003%, -2.9 basis points30 year yield 4.643%, -3.3 basis points.
Looking at other markets in the US midday shows:
Crude oil $-1.20 or -1.92% at $62.45.Gold is down $-2.90 or -0.07% at $3639.Silver is up $0.56 or 1.43% at $41.70. That represents a new high for the year and new high going back to September 2011.Bitcoin is trading at $410 or 0.36% at $114,398.The US dollar is lower versus all the major currency pairs. The biggest the decline is against the AUD with a fall of -0.73%.
EUR -0.35%JPY -0.29%GBP -0.36%CHF -0.45%CAD -0.24%AUD -0.74%NZD -0.57% This article was written by Greg Michalowski at investinglive.com.Hence then, the article about as european traders exit for the day with the major indices enjoying solid gains was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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