Reported 6 months ago
European stocks closed near an all-time high following a historic interest rate cut by the European Central Bank. The Stoxx 600 Index rose by 0.7%, almost surpassing a record close in May. Sectors like banks and health-care outperformed, while real estate and utilities lagged. The ECB raised projections for prices, hinting at a possible rate cut in September despite traders no longer fully pricing in another cut by October. This move signals continued support for the region's equities amid a backdrop of easing inflation and improved economic growth.
Source: YAHOO