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European markets hold steady after ECB rate cut

The euro was last at $1.1019, up less than 0.1%.

The German 10-year bond yield, the benchmark for the euro zone, was little changed after the decision at 2.124%, up two basis points on the day.

The pan-European benchmark STOXX 600 index held gains and remained higher by 1.1%, while an index of euro area banks was up 1.8%.

Attention was now set to turn to the post-decision press conference from ECB President Christine Lagarde at 1245 GMT.


Source: Economy - investing.com

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