Cautious optimism in the air…

Markets were taken by surprise yesterday, after the European Central Bank (ECB) cut its key interest rate by 25 basis points to 1.25%, in a move indicating the central bank will focus on supporting growth, even in the face of elevated inflation in the region.

There was positive news from Greece as well, with the country shelving plans for the referendum on financial bailout, diminishing prospects of the nation’s disorderly default.

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Cautious optimism in the air…

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