No change for the ECB. US stocks down on prospects of higher tax on capital gains

The ECB meeting had little impact on markets. The reduction in bond purchases was not even discussed Mrs. Lagarde said. The European markets welcomed the news, but Wall Street plunged after a Bloomberg news according to which a big tax hike on capital gains is included in the next economic package of the White House. The EUR/USD exchange rate keeps on, testing 1.20, but remains above that level this morning. Preliminary PMIs will be the main economic reports today.

Share this news :
Share on twitter
Share on linkedin
Share on email

You might also read :

September 9, 2021

Important ECB meeting today

Although bond yields eased a little, equity markets continued their downward correction yesterday and the trend continued in Asia.  The inflation rate in China eased to +0.8%,…
January 21, 2022

Mixed price evolution in Europe

European gas prices were mixed yesterday. The drop in Asia JKM prices (-8.04% on the spot, to €59.151/MWh; -2.64% for the March 2022 contract, to…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Subscribe to our newsletter

Don’t have an account yet?  Sign up here!