European Central Bank to Step Up Monetary Support

The market is now well into its earnings season with a torrent of mixed, but broadly positive corporate results as worries linger over trade and a slowing global economy. In response to concerns over the deteriorating growth outlook, the European Central Bank signaled the need for significant stimulus. The ECB will step up its monetary support with lower interest rates and the possibility of renewed asset purchases. The 10-year U.S. Treasury yield is currently at 2.09 percent, the highest level in more than two weeks; up 10 basis points from one month ago, but down 89 basis points from one year ago.

 

2019-07-25T23:06:05+00:00

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