Energy Markets
Europe awaits ECB cuts after U.S. driven bond rally
The European markets started the day steady, ahead of a possible ECB rate cut. Weak U.S. data had sparked a rally in government bonds and pushed Wall Street into bull market territory. Investors are eager to know what Christine Lagarde, and other policymakers, think will happen next. This is because of the uncertainty surrounding a possible U.S.-Canada trade agreement. German data released earlier this week showed that industrial orders in April rose unexpectedly due to a strong domestic demand. This helped lift Europe's STOXX 600 Index for the third consecutive day as Germany's approval a tax relief package lifted sentiment....