US and European stocks buoyed by ECB rate cut expectations

City A.M. | Aug 17, 2019 at 9:31 AM
  • US and European stocks soared on Friday as expectations the European Central Bank will cut interest rates rose, helping the dollar to hit a two-week high against the euro.
  • Germany and other eurozone government bond yields rose late on Friday in wake of the report.
  • The German 10-year bond yield rose -0.69 per cent, having earlier hit a record low of -0.73 per cent.