Despite making similar moves in the recent past, the European Central Bank and the Federal Reserve are now at different junctures.

The Fed will likely be on a more hawkish path, so significant divergence from the ECB could risk flight of capital towards the Dollar.”

Shares of ASML jumped 10.6% after the Dutch company reported better-than-expected fourth-quarter bookings of 7.088 billion euros ($7.39 billion). Its peers ASM International, BE Semiconductor and Infineon gained between 2.7% and 7.5%. Technology was the top winning sector, soaring 4.5%.

The Fed kept rates steady at 4.25%-4.50%, signalling caution amid strong US growth and elevated inflation. Meanwhile, the ECB faces pressure to cut rates further as the eurozone economy weakens. The euro fell to 1.

Donald Trump's rapid move to ban a "digital dollar" has left the field wide open, observers say, for China and Europe to make their already-advanced central bank digital currency (CBDC) prototypes into global standard-setters.

Overnight on Wall Street is morning in Europe.Monitor your investments 24 hours a day, around the clock from around the globe. Hosted by Caroline Hepker and Roger Hearing.

The Federal Reserve announces its decision on interest rates at 2 p.m. Fed Chair Jerome Powell speaks shortly thereafter. Live updates on stocks, bonds and markets, including the Dow Jones Industrial Average,

Equity markets diverged Wednesday as attention turned away from recent turbulence in tech stocks to the outlook for interest rates, with the Fed and the ECB both holding their first

Tariff risks to Europe and China may be underappreciated at the moment, with the possibility that the latter could see its effective rate rise to 30% from roughly 11%, according to UBS. “We anticipate more tariff threats and asset volatility ahead,

The US Dollar trades flat after an uneventful Federal Reserve interest rate decision.

The main US stock measures were mostly pointing higher in Wednesday's premarket activity as traders gear up for big-tech earnings and a major policy decision by the Federal Reserve later in the day. Standard & Poor's 500 edged up 0.

The Federal Reserve announces its decision on interest rates at 2 p.m. Fed Chair Jerome Powell speaks shortly thereafter. Live updates on stocks, bonds and markets, including the Dow Jones Industrial Average,