NEW YORK (Reuters) – The U.S. dollar and world stock markets edged higher on Wednesday amid tame U.S. inflation data and as the European Central Bank left its ultra-easy policy stance unchanged but warned that economic risks remained to the downside.
FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 9, 2019. REUTERS/Brendan McDermid/File Photo
ECB President Mario Draghi said economic data was weak and confirmed policymakers were considering whether measures were needed to mitigate the impact on European banks of the central bank’s negative deposit rates.
European bank stocks declined and the yield on Germany’s benchmark 10-year bond fell to a one-week low of negative 0.038%, about 0.05 percentage point from 2-1/2 year lows they