HSBC: European Central Bank's gradual rate cuts may boost risk assets
Hussain Mehdi, a macro and investment strategist at HSBC Asset Management, said in a report that the European Central Bank is expected to continue gradually cutting interest rates after lowering them by 25 basis points on Thursday. Mehdi stated that the slow pace of rate cuts by the European Central Bank could boost the performance of European risk assets. "Against the backdrop of waning American exceptionalism, we believe that global stock market rallies, including outstanding performances from Eurozone stocks, will continue into 2025."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Production Increase Falls Short, Layoffs First! Boeing (BA.US) Cuts 5% of Commercial Airplane Jobs, Delays 737 Monthly Production Target of 47 Aircraft to 2027
Stephanie Pope, head of Boeing's commercial airplanes division, informed employees in an internal memo on Monday that due to obstacles in increasing aircraft production, the division plans to cut 5% of its workforce.
After acquiring SpotHero, Uber (UBER.US) makes its debut in the parking sector with a parking space reservation feature, initially available in 15 U.S. cities
Uber has launched a brand new parking space reservation feature, which marks its first step in the parking sector following its acquisition of the parking app SpotHero earlier this year.
Arbitrum will welcome a new propAMM
Crypto prices
More
