ECB, BoE hold rates steady in face of inflation threat
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ECB, BoE hold rates steady in face of inflation threat
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Summary
Both the ECB and the BoE decided to hold interest rates steady but warn that a June hike could be on the cards should inflation pressures connected to the Iran crisis escalate. The S&P 500 and Nasdaq notch their strongest month for six years as investors look beyond the Middle East and bet on Big Tech’s A.I. progression. Apple shares are up in after-hours trade following a top and bottom line beat for the quarter. And Brent recedes back from its four-year high but remains well above the $100-mark following comments from President Trump vowing to maintain the U.S. blockade of the Strait of Hormuz.
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