M&G Investments ‘banks on’ European revival
Value stocks outperformed in 2024, driven by a ‘resilient’ banking sector
European Central Bank
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ECB cuts interest rates to 2.75% as central banks diverge
Follows the Federal Reserve’s decision to hold the Fed Funds rate at 4.25-4.5%
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CEPR backs climate bonds to power Europe’s green transition
Recommends the establishment of a ‘joint climate debt financing scheme’
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WEF latest to sound klaxon over European economy
World Economic Forum has outlined four approaches to reinvigorate Europe’s economy
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Eurozone inflation ticks up to 2%
30 basis points higher than the 1.7% print recorded in September
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Is the ECB ‘behind the curve’ with ‘hesitant’ interest rate cut?
Investors will likely ‘remain in the dark before each upcoming meeting’ until the end of the year, according to experts
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ECB cuts interest rates 25bps to 3.5%
Industry commentators anticipate one more cut by the ECB this year
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Draghi sounds warning klaxons over continent
ECB president calls for closer ties to tackle ‘existential threat’ to EU
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Inflation falls to 2.2% across Europe
However there is great variation across the region
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Deloitte: European markets to transition away from ‘wait and see’ approach
Further interest rate reductions in 2024 are expected to increase transactional activity
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The European Central Bank holds rates: Will we still see two more cuts this year?
Markets were assigning a 92% probability of the ECB holding rates prior to today’s meeting