Here's What Markets Are Doing After The ECB Rate Hike

Nada.

The ECB’s decision to hike rates was obviously fully telegraphed, with no element of surprise to the market.

Stocks are maybe up a little bit since the decision. The euro is going nowhere. Other European markets aren’t doing anything. Maybe we’ll get some more excitement when Trichet speaks at 8:30.

Gold is flat too.

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