Euro bears could need more than a cut to extend selloff [Video]
|It’s yet another day of stimulus announcements in China, and another round of letdowns for investors. Chinese authorities today announced to almost double the amount it deployed to support what’s called ‘white list’ projects but investor appetite barely improved. Copper, iron ore futures are down and US crude is under pressure.
Elsewhere, the US Dollar extends gains across most majors. Softer-than-expected British and Canadian figures weigh on sterling and Loonie, while the EURUSD sank below the 200-DMA ahead of today’s European Central Bank (ECB) decision and Lagarde’s post-decision presser.
In equities, Morgan Stanley announced better-than-expected results as its peers and TSM earnings beat estimates hinting that Nvidia may have had another very good quarter.
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