Posted 3/7/2024, 5:24:42 AM
European, Asian Markets Cautious Ahead of ECB Policy Meeting as Traders Await Guidance on Potential Rate Cut
- European markets headed for flat to lower open ahead of ECB policy meeting and rate decision
- ECB expected to hold rates at record low 4%; rate cut potentially coming in June
- Asia stocks rose overnight after Fed Chair Powell reiterated not ready to start cutting rates
- U.S. stock futures inch down after major averages posted first winning session in 3 days
- Earnings today from Continental, Lufthansa, ITV, Admiral Group and Kier