Live Updates > Live Update Details
2025-09-12 15:30:48
European Stocks Rise to Three-Week Highs as Markets Bet on an Imminent Fed Rate Cut: ⑴ The Stoxx Europe 50 Index edged up 0.1% to 5,390 points on Friday, while the pan-European Stoxx 600 Index rose 0.1% to 555 points. ⑵ Rising US unemployment data and modest inflation growth reinforced market expectations of a Fed rate cut next week and at subsequent meetings. ⑶ The European Central Bank (ECB) made it clear that its rate-cutting cycle is over, with President Christine Lagarde stating that the central bank is in an "ideal position" and that growth risks are balanced. ⑷ Spain's Banco Sabadell fell 0.6% after its board unanimously rejected BBVA's €15 billion takeover bid and urged shareholders not to sell. ⑸ Ryanair's CEO told the Financial Times that the airline may cut another one million flights to Spain in protest of Spain's tax policies. ⑹ The UK economy grew by zero percent in July, a significant slowdown from June's 0.4% growth rate. This data will be closely watched by the Bank of England at its policy meeting next week.
