ECB to raise deposit rate by 25 basis points

The European Central Bank is scheduled to announce its interest-rate decision on Thursday, June 11, 2026. 25 percent. This would be the ECB's first rate hike since September 2023.

European stock markets opened higher on Thursday ahead of the decision. 2 percent. 7 percent, while the broader Stoxx 600 traded flat.

Asian markets mostly declined on Thursday. 4 percent. 2 percent.

Wall Street recorded broad losses on Wednesday. 6 percent, marking its first consecutive decline in three weeks. 9 percent, and the Nasdaq Composite lost 2 percent.

The declines followed a sell-off in AI-related stocks. Super Micro Computer announced plans on June 9 to raise $7 billion through sales of common stock and convertible preferred shares, after which its stock fell 28 percent on Wednesday. 7 percent.

9 trillion. 1 percent. 3 percent on Wednesday as oil prices rose. 10 a barrel on Wednesday.

S. 70 a barrel. Euronews reported that the war with Iran has effectively closed the Strait of Hormuz to oil tankers.

President Donald Trump warned that Iran would pay the price for stalled negotiations. S. consumer prices rose in May at the fastest annual pace in three years. S. 58 Japanese yen on the morning of June 11.

3377. 60 an ounce. 25 percent, supported by a hawkish tone.

ING added that despite oil prices testing new lows earlier this week, the EUR curve is increasingly set on three rate hikes. SpaceX's initial public offering could take place later this week.