STOXX 50 tests 50-day SMA resistance ahead of ECB hike
The coast isn’t yet clear for European stocks, despite Russia resuming its gas shipments to Germany via the Nord Stream 1 pipeline today. While the risk of an imminent energy crisis has been staved for now, markets are still on tenterhooks ahead of a contentious European Central Bank (ECB) policy decision due at 2:15PM Frankfurt time, with ECB President Christine Lagarde set to address the media half an hour later.