ECB Rate Cut Looms: Markets Seek Clues on Future Policy Path

The European Central Bank is poised to cut interest rates for the third time this year, with markets expecting a 0.25% reduction. While this move is largely anticipated, investors are keen to understand the ECB’s future policy direction. The euro has already weakened against the dollar, and the ECB’s tone could further influence its trajectory. Simultaneously, global markets are watching other economic indicators, including TSMC’s earnings and U.S. retail sales data.