ECB Set to Pause Rate Cut, Oracle Shares Soar Fueling AI Stock Rally | The Opening Trade 9/11

6 hours ago
The European Central Bank is set to leave interest rates on hold for a second meeting, with the deposit rate to be held at 2% on Thursday. Most ECB officials are happy with current monetary-policy settings, as prices are meeting the inflation target and the euro zone's economy is proving resilient. Oracle shares gained the most since 1992 after the it gave an aggressive outlook for its cloud business. The stock surged as much as 43% Wednesday in New York, bringing co-founder Larry Ellison into the world’s richest person, surpassing Elon Musk. AI-related stocks such as chip developer Nvidia also climbed. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Valerie Tytel. (Source: Bloomberg)
Read Full Article