ECB Hikes and Lagarde Refuses to Name the Next Move
StoneXThe ECB rate hike lifts deposit rates for the second time this year, backed by upgraded inflation forecasts and a more resilient eurozone economy. Fiona Cincotta, StoneX Senior Market Analyst, walks through the European Central Bank decision and the market reaction that followed it. Christine Lagarde said the future path for rates was not discussed at the meeting, leaving the European Central Bank on its data dependent, meeting by meeting approach. Traders read the updated forecasts as hawkish and added tightening to expectations for the coming year, while rising crude prices raised the risk that an energy shock keeps inflation elevated for longer. Germany's 10-year yield reached its highest level since October 2023 and European indices came under pressure. Discover Actionable Insights with the latest Market Outlook Reports: https://intel.stonex.com/offer?language=en&campaignId=A908C315-DC62-4F35-AC16-870BB71E84D1&utm_source=youtube&utm_medium=social&utm_campaign=sxtv_guest_fiona_cincotta&utm_content=share 00:00 - ECB Hikes and Forecasts Rise 00:29 - Lagarde Names No Rate Path 00:58 - The Energy Shock Risk Builds 01:29 - German Yields at 2023 Highs 01:58 - Hawkish Read, Options Open Like and subscribe for more financial market insights. #ECB #StoneX #FionaCincotta #Eurozone --------- Like this video? Subscribe and turn on notifications so you don't miss any videos from StoneX: https://www.youtube.com/@stonex_official Visit https://www.stonex.com/en/insights/thought-leadership/?utm_source=youtube&utm_medium=social for insights, perspectives and thought leadership from StoneX's global network of experts. Visit our website: https://www.stonex.com?utm_source=youtube&utm_medium=social