10 things you need to know before the opening bell
. The central bank said the cut would"support business and consumer confidence at a difficult time" as well as boost the cash flows of businesses and households and improve access to credit.. The European Central Bank president told European leaders that they risk"the collapse of part of your economies" if they don't take urgent action, Bloomberg reported..
. In Europe, Germany's DAX rose 0.4%, Britain's FTSE 100 rose 0.2%, and the Euro Stoxx 50 rose 0.6%. In Asia, China's Shanghai Composite fell 0.9%, South Korea's KOSPI fell 2.8%, and Hong Kong's Hang Seng fell 0.6%. US stocks are set to open lower. Futures underlying the Dow Jones Industrial Average, the S&P 500, and the Nasdaq fell between 2.6% and 2.8%.. US inflation data and the UK annual budget will be closely watched.
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