Global EconomyIMPORTANTSeptember 10 at 08:15 AM

European ECB Interest Rate Decision 2.65% vs. Exp. 2.65% (Prev. 2.40%)

StockNow breaking-news AI analysis

The ECB raised interest rates by 25bps to 2.65% as expected, responding to Eurozone inflation hitting 3.3% and crude oil exceeding $100 amid rising global bond yields.

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Today's market highlights

A selection of stories drawing attention in the market.

Commodities

Iran orders temporary suspension of 10% freight charge on foreign vessels carrying energy products to or from Iran, Fars reports

U.S. Economy

US PPI (Aug MM) 0.4% vs. Exp. 0.4% (Prev. 0.1%)

Geopolitics

Pakistan's Foreign Office spokesperson says the Makkah defence agreement is a defensive alliance focused on deterrence, with expansion not currently planned until its foundations are solidified, journalist Mallick reports