TechFlow news, March 6 — According to Jinshi News, in a report Hussain Mehdi, macro and investment strategist at HSBC Asset Management, said the European Central Bank (ECB) is expected to continue gradually cutting interest rates after its 25-basis-point reduction on Thursday.
Mehdi said the ECB's slow pace of rate cuts could boost performance of European risk assets. "Against the backdrop of fading U.S. exceptionalism, we believe the global equity rally—including outperformance in the eurozone stock market—will extend further into 2025."
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