Markets drift ahead of ECB decision, US payrolls

Published June 3, 2014 4:02pm ET



LONDON (AP) — Global stock markets were lackluster Tuesday as traders awaited a raft of major economic news later in the week that includes the latest policy meeting of the European Central Bank and the U.S. nonfarm payrolls report for May.

Expectations are growing that the ECB will announce a further stimulus for the 18-country eurozone economy. Figures earlier showed that inflation in the eurozone fell to 0.5 percent in the year to May. That’s way down on the ECB’s target of just below 2 percent. Analysts expect the ECB to cut interest rates and possibly take further measures in an attempt to get inflation back to target.

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China