1507 GMT - The European Central Bank is expected to continue with gradual interest rate cuts, after Thursday's 25 basis points rate reduction, Hussain Mehdi, macro and investment strategist at HSBC Asset Management says in a note. The slow pace of interest rate cuts by the ECB are likely to boost the performance of European risk assets, Mehdi says. "Amid fading U.S. exceptionalism, we think a 'broadening out' in global stock markets - including eurozone equity outperformance - has further to run in 2025." (miriam.mukuru@wsj.com)
(END) Dow Jones Newswires
March 06, 2025 10:07 ET (15:07 GMT)
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