ECB kept rates steady, lowered growth forecasts, hinted at potential rate cuts in June.

From Investing.com:

Yesterday, the ECB kept rates steady, lowered growth forecasts, and predicted 2% inflation by next year. Lagarde hinted at potential rate cuts in June depending on inflation. Eurozone bond yields fell, hit a record, while climbed due to dovish Fed comments. Powell expressed confidence in rate cuts, sending lower. NVIDIA soared 4.5%, Broadcom dropped after hours. In Asia, BoJ speculation sent tumbling below 148. Chinese stocks lagged, iShares ETF saw outflows. US jobs report today could influence rate cut expectations. Great Resignation era may shift to Great Stay.



Read more at Investing.com: ECB vs. Fed: Will Today’s Jobs Data Fuel or Douse Dovish Enthusiasm?