Markets bet on December ECB rate cut as virus fears escalate

LONDON (Reuters) - Euro zone money markets started to fully price in a December European Central Bank interest rate cut on Wednesday, as the spread of the coronavirus outside China prompted traders to ramp up expectations for more stimulus.Eonia money market futures dated for the ECB's Dec. 10 meeting showed about 10 basis points of rate cuts priced in. That is up from around 7.5 bps on Monday and implies a 100% probability of a 10 bps cut at that time.The chance of a July cut rose to around..