The ECB Says Farewell to Negative Interest Rates and Earnings Drive Stock Prices

Stock prices were moved mainly by 2nd quarter earnings.  Most major stocks indices ended with modest gains, with only emerging markets ending down.   The European Central Bank hiked short term interest rates for the first time since 2011.  The ECB’s key short term interest rate went from -0.5% to 0.00%.  The Euro currency rose 0.7% […]