European stocks rose as investors anticipated interest rate cuts from ECB and Bank of Canada.
European stocks rose as investors anticipated interest rate cuts from the European Central Bank (ECB) and Bank of Canada, while focusing on U.S. jobs data to assess inflation. The ECB is expected to trim interest rates by a quarter point to 3.75% on Thursday, becoming the first major central bank to cut rates in this cycle. European indices like the STOXX, DAX, and CAC 40 all saw gains, with the STOXX up 0.45%. In addition, China's factory activity experienced its fastest growth in two years in May.
June 03, 2024
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