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 :

You might also read :

February 2, 2021

OPEC discipline boost prices

Brent prompt month futures hiked higher, at 56.9 $/b on early Tuesday, as various third party agencies reported improved production compliance from OPEC members. Industry sources…
March 31, 2022

Decline of activity in China

The price of Brent 1st-nearby, which had risen to almost $115/b yesterday, has since fallen back below $110/b, after even falling below $108/b. Yesterday’s rebound was due…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Subscribe to our newsletter

🏆 You like our solution ?

Vote for us at the 2024 Energy Risk Commodity Rankings, in the Research category!

Thanks in advance.

Don’t have an account yet?