Investing.com - European stock markets rose Thursday, ahead of what market participants expect to be the first cut in interest rates by the European Central Bank since 2019.concludes its latest policy-setting meeting later in the session, and is expected to join the central banks of Canada, Sweden and Switzerland in cutting rates.
The ECB policymakers have signaled that sufficient progress in tackling inflation has been made to justify an easing, with consumer prices having fallen from more than 10% in late 2022 to just above the central bank’s 2% target. This brings ECB President Christine Lagarde’s press conference after the rate decision firmly into focus, as the market looks for clues about future policy moves.data for April are due later in the session, and are expected to show a drop of 0.2% on the month, a small rise of 0.1% on an annual basis.The surge in Nvidia followed recent strong quarterly results that fueled further bets the surge in AI-related spending on semiconductors is set to continue.
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