Markets gain ground as ECB hints at rate cut

clock

A strong hint from the European Central Bank it will cut interest rates next month has buoyed markets in early trading, following sharp gains in the US and Asia overnight.

The FTSE rose 2.12% this morning to trade at 5,197, while the German Dax and the French Cac 40 posted gains of 3.17% and 3.06% respectively, mirroring the Eurostoxx index's 3% rise. US markets gained ground overnight, with the Dow Jones and the S&P 500 both ending more than 2% higher after minutes from the G20 summit in Washington pointed to a new rescue plan for the eurozone's debt-laden nations. Comments by ECB governing council members yesterday suggested the central bank is considering cutting interest rates by 50 basis point at the next meeting on 6 October. The ECB may also b...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

UK inflation drops to 2.6% to bring 'fleeting' relief as fuel prices fall

UK inflation drops to 2.6% to bring 'fleeting' relief as fuel prices fall

BoE rate hike priced in for 2026

Michael Nelson
clock 22 July 2026 • 2 min read
Andy Burnham to launch ten-year plan for UK

Andy Burnham to launch ten-year plan for UK

Cost of living measures to be set out

Jaskeet Briah
clock 20 July 2026 • 3 min read
Ex-MPC member Jonathan Haskel approved as OBR chair

Ex-MPC member Jonathan Haskel approved as OBR chair

Nominated by Rachel Reeves

Cristian Angeloni
clock 17 July 2026 • 1 min read