HSBC: European Central Bank gradually cuts interest rates or boosts risk assets

According to Golden Finance, Hussain Mehdi, macro and investment strategist at HSBC Asset Management, stated in a report that the European Central Bank is expected to continue gradually lowering interest rates after a 25 basis point cut on Thursday. Mehdi said that the slow pace of interest rate cuts by the European Central Bank may boost the performance of European risk assets. Against the backdrop of the gradual decline of American exceptionalism, we believe that the global stock market rally, including the excellent performance of the eurozone stock market, will continue in 2025