0553 GMT - The European Central Bank's meeting this week is in focus, with a 25 basis point interest-rate cut widely anticipated. "We think an April cut is fully priced," Morgan Stanley Research's Lorenzo Testa and Maria Chiara Russo say in a note. "We don't expect any surprises." Money markets fully price a 25-basis-point rate cut for the ECB's rate decision on Thursday, according to LSEG data. Meanwhile, the strategists also expect duration in European bond markets to continue outperforming as it should remain more insulated from demand concerns. (emese.bartha@wsj.com)
(END) Dow Jones Newswires
April 14, 2025 01:53 ET (05:53 GMT)
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