European stocks near longest winning streak since 2012 due to central bank rate cut hopes.
European stocks are on track for their longest winning streak since 2012, with the Stoxx Europe 600 Index set for a ninth consecutive week of gains. The rally is driven by investor hopes for central bank interest rate cuts, with the Bank of England and Swiss National Bank signaling potential rate reductions. Despite recent drops, European stocks are expected to rise another 6% this year, according to Citigroup strategists.
March 22, 2024
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