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."
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