Markets are already fully pricing in four consecutive 25bp cuts, which prevents the front end of the curve from going much lower based on current economic data. Read more

The euro was little moved by the European Central Bank’s 25 basis-point interest-rate cut on Thursday but improved U.S. economic data sparked a bigger reaction, causing the single currency to fall against the dollar,

Risk sentiment is good in markets as we approach the ECB rate decision. If it fails to deliver on the highly anticipated cut this week, sizeable moves are possible as sentiment takes a hit.

European stocks showed signs of recovery on Thursday as investors anticipated a dovish stance from the European Central Bank (ECB) along with processing a set of positive corporate earnings reports. The STOXX 600 index,