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Euro weakens on cautious ECB; stocks edge up as tariff plan looms [Reuters (UK)]

CIGNA (CI)  More Company Research Source: Reuters
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PDF Euro weakens on cautious ECB; stocks edge up as tariff plan looms | Reuters 4 Min Read NEW YORK (Reuters) - The euro dropped on Thursday as the European Central Bank signalled caution on inflation and protectionism, while a gauge of global stocks edged higher as investors awaited more clarity on U.S. President Donald Trump’s plan to impose import tariffs. While the ECB took a small step towards weaning the euro zone economy off protracted stimulus by dropping its easing bias, ECB President Mario Draghi said monetary policy would remain “reactive” and that underlying inflation was subdued. The euro was down 0.81 percent to $1.2311, while the dollar index rose 0.58 percent. “They toned down the easing bias but there is still a willingness to ease and the tone of Draghi’s comments was still dovish, stressing that there is still not a convincing uptrend in inflation,” said Chris Scicluna, head of economic research at Daiwa Capital Markets. Draghi also addressed the U.S. tariff plans, sayi [Read more]

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