Daily Market Review : BoC Mimics the FOMC and Cuts by 50bps, OPEC+ Enters the Limelight
Channel: JFD Brokers
Date: 2020-03-05

Daily Market Review by Charalambos Pissouros

EU indices continued trading north yesterday, perhaps on expectations that more central banks, including the ECB, will follow the FOMC in easing policy. Risk appetite was boosted further during the US session after the BoC delivered a 50bps cut as well, something that pushed the Loonie lower. As for today, CAD and oil traders are likely to lock their gaze on the OPEC+ two-day meeting in Vienna.

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