ECB Holds Rates Amid Geopolitical Uncertainty as Aluminum Plunges and AI Growth Skepticism Mounts

Key TakeawaysThe European Central Bank (ECB) held its Main Refinancing Rate steady at 2.15%, citing significant economic uncertainty fueled by Middle East conflicts.Aluminum prices crashed more than 8% on the London Metal Exchange (LME), marking the commodity's largest single-day decline since 2018.Goldman Sachs (GS) reported that massive AI investment contributed "basically zero" to US economic growth last year, despite surging valuations in the sector.President Trump and Japan’s Sanae Takaichi are set to ...