ECB to cut rates, shift focus to growth | MarketTalk: What’s up today? | Swissquote
The probability of a Federal Reserve (Fed) rate cut in December jumped to nearly 100% yesterday, after the US CPI update came in line with expectations. Major indices rally with joy. Technology stocks led gains, but enthusiasm was not only backed by the Fed cut expectations. It was also backed by tech related news. Google for example jumped nearly 5.5% to a record high on news that the company made a ‘major development’ in quantum computing using its Willow quantum chip while Broadcom – that’s due to announce earnings today - flirted with ATH yesterday on news that they are...