Stocks close to 2019 highs ahead of the ECB decision

Major US indices like US500 and US100 are at all-time highs and German DE30 is just 1% off the 2019 high with 90 minutes left to the much-anticipated ECB decision. Investors are sure that the Bank needs to ease the policy via rate cut and renewal of the QE program but are split in their views on the timing between today’s meeting and September. For this reason the decision can have a huge impact on indices. It will be announced at 1:45pm CEST (12:45pm BST) while post-meeting conference will begin 45 minutes later.