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Stock impact report

Morning Bid: ECB's last easy decision [Yahoo! Finance Canada]

RECKITT BENCKISR GP S/ADR (RBGLY) 
NASDAQ:AMEX Investor Relations: rb.com/investors
The ECB has cut rates five times since June as inflation retreated and economic growth faltered. But with rates slowly approaching a level that no longer restricts economic growth, one might expect an end to the easing cycle. That may not be the case here, though, as the spectre of a trade war with the United States looms large. Also clouding the near-term outlook are announcements by Germany and the European Commission on changes to fiscal rules, to allow higher defence and infrastructure spending. All eyes will be on the ECB when it announces its policy decision at 1315 GMT, followed by ECB President Christine Lagarde's 1345 GMT press conference. The markets are still digesting Berlin's big bazooka measures announced late on Tuesday, which triggered a steep selloff in German bonds, a surge in the euro to a four-month high and the best day for the DAX index in well over two years. Futures indicate the DAX is set for a higher open on Thursday while German 10-year Bund futures Show less Read more
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