New ECB chief Christine Lagarde holds rates steady
Christine Lagarde has a message for investors and the media: She's going to do things her own way as president of the European Central Bank.
Sections
Extras
Watch Now
Christine Lagarde has a message for investors and the media: She's going to do things her own way as president of the European Central Bank.
Every earnings season, companies score some surprise wins and unfortunate losses. Major stock moves are never completely off the table -- and the past 24 hours have been a big reminder of that.
Even as the Brexit chaos helps to deflate London's real estate bubble by undermining the city's status as a financial capital, record low interest rates are pushing prices in other European cities to dangerously high levels.
The European Central Bank is turning on the stimulus taps again, pushing interest rates further into negative territory in order to support the region's flagging economy.
The Dow hit a seventh day of gains in a row Thursday, with stocks higher after the United States said it would delay some tariffs on Chinese imports.
The Federal Reserve is running out of runway to lower interest rates. President Donald Trump wants the Fed to keep cutting anyway.
The European Central Bank has hinted that it will unleash more stimulus to help support the flagging eurozone economy.
The Dow and the broader stock market ended in the red Thursday, on one of the biggest days of the earnings season.
Christine Lagarde has been tapped as the next president of the European Central Bank, an appointment that would make her the first woman to lead the powerful institution.
Stocks rallied all the way into the close on Tuesday, both in the United States and elsewhere, as positive sentiment about trade took hold of the market.
Europe signaled Tuesday that it could return to printing money to boost its flagging economy, a potential reversal of policy that drew an immediate rebuke from President Donald Trump.
A recession in Italy and weak growth across Europe could force the European Central Bank to rule out interest rate hikes this year.