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Global Markets: Euro weakens on cautious ECB; stocks edge up as tariff plan looms

Reuters  |  NEW YORK 

By Lewis KrauskopfNEW YORK (Reuters) - The euro dropped on Thursday as the European Central Bank signalled caution on inflation and protectionism, while a gauge of global stocks edged higher as investors awaited more clarity on U.S. President Donald Trump's plan to impose import tariffs.While the ECB took a small step toward weaning the euro zone economy off protracted stimulus by dropping its easing bias, ECB President Mario Draghi said monetary policy would remain "reactive" and that underlying inflation was subdued.The euro was down 0.81 percent to $1.2311, while the dollar index rose ...

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First Published: Fri, March 09 2018. 01:06 IST