Stock markets rally on news of Christine Lagarde’s ECB job
Investors relieved that dovish monetary policy is not likely to be changed under new eurozone banking chief
03 July 2019 - 19:41
London — European markets surged on Wednesday as investors bet that France’s Christine Lagarde would double-down on the European Central Bank’s dovish monetary easing stance as the bank’s next chief.
Government borrowing costs across the single-currency bloc tumbled to record lows and eurozone blue-chip stocks surged to their highest prices in more than a year after EU leaders agreed late on Tuesday to name Lagarde as the ECB’s new head...
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