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Dinar Tube > Currency News > European markets hold steady after ECB rate cut
Currency News

European markets hold steady after ECB rate cut

Last updated: September 12, 2024 3:10 pm
Currency News
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Euro zone government bond yields, the euro and European stocks held steady on Thursday after the European Central Bank cut its main interest rate for a second time in three meetings, in line with expectations. The euro was last at $1.1019, up less than 0.1%.
The German 10-year bond yield , the benchmark for the euro zone, was little changed after the decision at 2.124%, up two basis points on the day.
The pan-European benchmark STOXX 600 index (.STOXX), opens new tab held gains and remained higher by 1.1%, while an index of euro area banks (.SX7E), opens new tab was up 1.8%.
Attention was now set to turn to the post-decision press conference from ECB President Christine Lagarde at 1245 GMT.
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