2024-06-06 14:47:00 ET
Summary
- ECB has cut its key policy rates for the first time in almost five years due to weakened price pressures.
- Initial jobless claims for the week at 229k; Q1 unit labor costs +4% vs. +4.7% consensus.
- Check out Morgan Stanley's list on stocks with the largest market cap in the U.S. from 1950 to 2023.
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The ECB lowers rates by 25 basis points. (0:23) NIO shares drop post-earning. (2:34) Evercore gets bullish on Carvana. (3:13)...
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Wall Street Lunch: EU Rate Cuts In Focus