Euro Stocks Dip; Fed Cuts Rates, Swiss Hold

European stocks experienced a minor dip as investors reacted to the U.S. Feds third rate cut and the Swiss National Banks decision to maintain rates. The Swiss bank attributed this to lower-than-expected inflation and stronger-than-anticipated global economic growth. The U.S. Feds rate cut was aimed at observing economic developments, with Powell citing tariffs as a factor in inflation. Investors now await rate meetings from the European Central Bank and the Bank of England, with expectations of no rate cut from the ECB. Despite global challenges, theres optimism for the future, driven by Germanys expected infrastructure and defense spending boom.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.