From Investing.com: 2024-06-06 03:10:09

European stock markets soared ahead of the ECB meeting where a rate cut is expected. ECB policymakers are likely to lower the deposit rate to 3.75% from 4.0%, signaling progress in inflation control. Consumer prices remain above target. Market awaits hints on future policy moves from ECB President Lagarde’s press conference.

Nvidia surpasses Apple in market value, reaching over $3 trillion for the first time after a 4% rally. Strong quarterly results and AI spending optimism drive the surge. Nvidia announces a 10-to-1 stock split, making shares more accessible. Focus shifts to chipmakers amid the company’s success.

Crude prices see a slight increase but are on track for significant weekly losses. WTI and Brent crude are trading higher but on track for a 4% decline. OPEC’s decision to gradually unwind voluntary output cuts contributes to the downward pressure. US crude stocks unexpectedly rose by 1.2 million barrels, impacting market sentiment.



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