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Wall Street Ready To Make Gains As ECB Delays Rate Hike

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Reuters reports that Wall Street was ready to attempt to make gains at the opening bell on Thursday after the European Central Bank (ECB) kept its interest rates unchanged. The attempt at a rally comes as the ECB delays its first post-crisis rate hike to next year and offers banks new rounds of multi-year loans. Kim Forrest, senior equity research analyst, Fort Pitt Capital Group in Pittsburgh “The ECB has left rates unchanged and that’s a good sign and that means the recession is not terrible, because if economic conditions were degrading they would lower interest rates".

Added on the 07/03/2019 10:56:18 - Copyright : Wochit

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