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Deutsche Bank: MARCUS CHROMIK was appointed as Chief Risk Officer.German Finance Minister: We need to work together on initiatives to strengthen the European economy.European Central Bank President Lagarde: Economic growth is losing momentum.

Spot gold hit $2,700 per ounce, down 0.65% in the day. COMEX gold futures fell more than 1.00% in the day and are now quoted at $2,729.00 per ounce.Market News: Hungarian Prime Minister Orban and Turkish President Erdogan discuss US sanctions against Gazprom.Adobe(ADBE.O) fell by 12%, the biggest one-day drop since March 15th.

Christiansen, an analyst at Danske Bank: The restrictive hawkish tendency in ECB policy has been eliminated. However, there is no indication that the bank may cut interest rates sharply, and there is no indication that the terminal interest rate will fall. Carsten Brzeski, head of international macro business in the Netherlands: The European Central Bank decided to act safely today and cut interest rates by 25 basis points. No more mention of "restrictive" monetary policy, which means there will be more interest rate cuts in the future.European Central Bank President Lagarde: Labor cost growth will slow down.Adobe(ADBE.O) fell by 12%, the biggest one-day drop since March 15th.