Schnabel 'Comfortable' with ECB rate Hike Bets, Traders Await Fed Decision | The Opening Trade 12/8

European Central Bank Executive Board member Isabel Schnabel said she’d be willing to take over as president when Christine Lagarde’s term ends in less than two years. Europe led declines in global bonds and German benchmark borrowing costs rose to the highest since March after Schnabel became the first senior official to suggest with any certainty that European rates have reached a floor.

The Federal Reserve is expected to deliver a third consecutive interest-rate cut this week, but Chair Jerome Powell’s challenge in getting his colleagues to support that move portends the difficult tests that lay ahead for his successor. US futures drifted after recent economic readings and comments from officials suggested Wednesday’s Federal Reserve rate decision is unlikely to be unanimous. At least three Fed policymakers are expected to dissent at the last Fed gathering of the year.

The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards and Guy Johnson.

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