After the Bank of Canada became the first G7 country to cut interest rates, the stage is set for the European Central Bank to lower rates too. While ECB policymakers clearly telegraphed their intention to lower borrowing costs in June, moving well ahead of the U.S. Federal Reserve, the path beyond has become uncertain. That has brought the focus squarely on what Lagarde will say once the ECB delivers the widely expected rate cut on Thursday.
The S&P 500 and Nasdaq hit highs and many stocks flashed buy signals on just-right economic data. Nvidia topped a $3 trillion valuation, passing Apple.
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