Oracle Shares Soar Fueling AI Stock Rally, ECB Set to Pause Rate Cut | The Opening Trade 9/11
George Mihalcea
The European Central Bank is set to leave interest rates on hold for a second meeting, with the deposit rate to be held at 2% on Thursday. Most ECB officials are happy with current monetary-policy settings, as prices are meeting the inflation target and the euro zone's economy is proving resilient. Oracle shares gained the most since 1992 after the it gave an aggressive outlook for its cloud business. The stock surged as much as 43% Wednesday in New York, bringing co-founder Larry Ellison into
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