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President Mario Draghi of the European Central Bank said that the bank is ready to cut interest rates and give stimulus if needed, and his comments contributed to stock gains in Europe. These comments come in the midst of other upcoming decisions by the U.S. Federal Reserve and the British and Japanese central banks this week.

The U.S. Federal Market Committee is expected to release a policy statement on Wednesday after a two-day meeting. Chairman Powell is expected to reiterate previous comments, that the Fed will act if it thinks Trump’s trade conflicts are threatening the U.S. economy. Rate cuts are not expected from the Fed after this meeting.

Meanwhile, the trade war between the United States and China continues, despite a possible meeting between President Trump and Xi Jinping at the Group of 20 summit in Osaka, Japan later this month.

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