By Chris Becker
European stocks soared overnight as the Euro tumbled in the wake of the ECB meeting where Super Mario surprised all by announcing absolutely no rate rises for at least 12 months, most likely foreshadowing the next series of trade wars with the US. Wall Street did relatively well, although bank stocks continued to fall with tech stocks leading. The USD continues to boom against the majors as a result of this shift, with the Aussie a big casualty.
The final central bank meeting for the week is today with the Bank of Japan first up this morning, followed by Chinese house prices later in the session.