Wednesday, 9 March 2022

S&P 500, Dow Jones, Nasdaq 100 Soar as Oil Prices Crater, Stagflation Anxiety Ebbs

U.S. stocks rose Wednesday amid increased risk appetite due to cooling geopolitical tensions in Eastern Europe and abating stagflation fears following a sharp sell-off in oil prices.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...