Shares of GameStop popped nearly 50% after Gill, also known as Roaring Kitty, announced plans to go live on YouTube for the first time in almost four years.
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribeas traders awaited a key U.S. economic report. The index ticked down 0.02%, after hitting an intraday high, and thefor the first time in almost four years. Investors speculated the discussion would center on his massive bet on the brick-and-mortar video game retailer.
Get the CNBC Daily Open report in your inbox every morning and keep up to date with the markets wherever you are., said future decisions would be "data-dependent" and decided "meeting by meeting" based on inflation, underlying inflation and how effective monetary policy has been.to the rate cut. Austrian central bank governor Robert Holzmann, who told the Financial Times: "Data-based decisions should be data-based decisions.
"Six months later, new ECB President Mario Draghi came into office and cut interest rates as the eurozone economy was stuck in recession. These fears of a 'reverse Trichet moment' have not disappeared after today's meeting." And that's the rub. The ECB was late in pulling the trigger on raising rates, lagging behind the Federal Reserve, but has stepped in front by lowering them. Fed officials maintain that they want to see clear evidence over the coming months that inflation is easing before they consider lowering rates.
They'll have more data tomorrow to assess the state of the labor market. Investors would like to see weakness to give the Fed more room to cut rates. CNBC's Jeff Cox hasCNBC's Jenni Reid, Brian Evans, Samantha Subin, Jeff Cox, Yun Li, Tanya Macheel, Hayden Field and Eamon Javers contributed to this report.
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