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%
Eurozone
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HSBC: Unclear European industrial policy is hampering investment
Report also highlighted concerns over US tariffs on the consumer discretionary sector
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Europe’s economy set to accelerate amid low wage growth and falling unemployment
GDP growth expected to rise from about 0.6% in 2024 to roughly 1.2% next year