EUROPEAN CENTRAL BANK CHOPS EUROZONE GDP GROWTH FORECAST
for 2019 after several
weak economic data reports. The GDP estimate has been
revised down to 1.1 percent from 1.7
percent, in addition, the ECB plans to
postpone any rate hikes
until the end of the year.
UK treasury yields plunge upon the announcement, The
UK 10-year Gilt
sank 6 basis points and the
30-year gilt dipped 5.1 basis points.
FTSE 100 -0.68%,
STOXX Europe 600 -
0.56%,
CAC 40 -0.48%,
German DAX -0.73%
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