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Eurozone Inflation Slows Less Than Forecast, Backing ECB Caution
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Portugal Sees Risk in Keeping ECB Interest Rates High, Urges Cut
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Portugal Sees Risk in Keeping ECB Interest Rates High, Urges Cut
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(Bloomberg) Portuguese Finance Minister Fernando Medina urged the European Central Bank to start lowering borrowing costs, saying maintaining them at their current level is a “high risk.”Most Read from BloombergTrump Warns of Big Losses From Asset Sales During Property SlumpFed’s Preferred Inflation Metric Increases by Most in a YearStocks End Month at New Highs After Inflation Data: Markets WrapBiden Amasses Cash Lead as Trump Bleeds Money in 2024 Fight“Various European countries are having
The past week marked a significant milestone in global financial markets, as major indices like DOW, S&P 500, DAX, CAC, and even Nikkei all reached new record highs, buoyed by the widespread euphoria surrounding artificial intelligence related sectors. This wave of optimism to eclipsed the recalibrated expectations that some major central banks, like Fed, would delay anticipated interest rate cuts. Additionally, China's historic rate cut injected further momentum into the market, leading to a sharp rally in Chinese stocks and bolstering confidence across the region.