Teenager arrested over Transport for London cyber attack; ECB cuts interest rates – as it happened
by Graeme Wearden from on (#6QPA5)
A 17-year-old male was detained last week on suspicion of Computer Misuse Act offences in relation to the attack launched on TfL on 1 September.
European stock markets are rallying this morning, as traders anticipate an interest rate cut from the European Central Bank this afternoon.
Germany's DAX index is up 1.1%, while France's CAC 40 is 0.6% higher.
The market is firmly priced for a 25bp rate cut at next week', We and the analyst consensus are expecting a 25bp rate cut and most ECB speakers have already endorsed such a move.
The recent slowdown in China has seen its oil consumption declining y-o-y for a fourth consecutive month in July, by 280 kb/d.
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