{"id":111283,"date":"2025-01-31T14:23:21","date_gmt":"2025-01-31T10:23:21","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=111283"},"modified":"2025-01-31T14:23:24","modified_gmt":"2025-01-31T10:23:24","slug":"european-stocks-edge-higher-as-ecb-rate-cut-boosts-sentiment","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/european-stocks-edge-higher-as-ecb-rate-cut-boosts-sentiment\/01\/31\/market-updates\/","title":{"rendered":"European Stocks Edge Higher as ECB Rate Cut Boosts Sentiment"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><\/h3>\n\n\n\n<p>European stock markets <strong>rose slightly on Friday<\/strong>, supported by the <strong>European Central Bank&#8217;s (ECB) interest rate cut<\/strong>, while investors assessed <strong>corporate earnings<\/strong> and <strong>inflation data<\/strong> across the region.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Germany\u2019s DAX<\/strong> gained <strong>0.1%<\/strong>.<\/li>\n\n\n\n<li><strong>France\u2019s CAC 40<\/strong> rose <strong>0.2%<\/strong>.<\/li>\n\n\n\n<li><strong>UK\u2019s FTSE 100<\/strong> climbed <strong>0.2%<\/strong>.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Key Market Drivers<\/strong><\/h3>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>1. ECB Rate Cut Fuels Optimism<\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The <strong>ECB cut interest rates on Thursday<\/strong>, its <strong>fifth reduction since June<\/strong>, signaling <strong>potential further easing<\/strong> to <strong>support economic growth<\/strong>.<\/li>\n\n\n\n<li>Market expectations indicate up to <strong>three more rate cuts this year<\/strong>.<\/li>\n\n\n\n<li><strong>Germany\u2019s economic struggles<\/strong> persisted, as <strong>retail sales dropped 1.6% in December<\/strong>, underscoring <strong>weak consumer demand<\/strong>.<\/li>\n\n\n\n<li>Preliminary <strong>German inflation data<\/strong> is due, following <strong>France\u2019s CPI<\/strong>, which remained <strong>below the ECB\u2019s 2% target<\/strong>.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>2. U.S. PCE Inflation Data in Focus<\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Investors are awaiting <strong>December\u2019s core PCE price index<\/strong>\u2014the <strong>Federal Reserve&#8217;s preferred inflation gauge<\/strong>\u2014for clues on U.S. <strong>monetary policy<\/strong>.<\/li>\n\n\n\n<li>A <strong>higher-than-expected reading<\/strong> could <strong>delay Fed rate cuts<\/strong>, affecting <strong>global risk appetite<\/strong>.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Corporate Earnings Highlights<\/strong><\/h3>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>1. Novartis (SIX:NOVN) Gains on Strong Drug Sales<\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The Swiss pharmaceutical giant <strong>posted solid Q4 results<\/strong>, driven by <strong>robust demand<\/strong> for:\n<ul class=\"wp-block-list\">\n<li><strong>Heart failure drug Entresto<\/strong><\/li>\n\n\n\n<li><strong>Multiple sclerosis treatment Kesimpta<\/strong><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>2. Salvatore Ferragamo (BIT:SFER) Disappoints<\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The Italian luxury brand <strong>met Q4 sales expectations<\/strong>, but investors <strong>hoped for stronger performance<\/strong>, especially after <strong>rival LVMH posted strong results<\/strong>.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>3. SKF (ST:SKFb) Cautious on 2025 Outlook<\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The Swedish manufacturing firm <strong>forecasted a slight decline in organic sales for Q1 2025<\/strong>.<\/li>\n\n\n\n<li>SKF <strong>declined to provide full-year guidance<\/strong>, citing <strong>market uncertainty<\/strong>.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>4. Apple (NASDAQ:AAPL) Beats Earnings Estimates<\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Q1 results topped expectations<\/strong>, thanks to <strong>strong services revenue<\/strong>.<\/li>\n\n\n\n<li>However, <strong>iPhone sales weakened<\/strong>, as competition from <strong>Chinese smartphone makers intensified<\/strong>.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><\/h3>\n","protected":false},"excerpt":{"rendered":"<p>European stock markets rose slightly on Friday, supported by the European Central Bank&#8217;s (ECB) interest rate cut, while investors assessed corporate earnings and inflation data across the region. Germany\u2019s DAX gained 0.1%. France\u2019s CAC 40 rose 0.2%. UK\u2019s FTSE 100 climbed 0.2%. Key Market Drivers 1. ECB Rate Cut Fuels Optimism The ECB cut interest &hellip;<\/p>\n","protected":false},"author":9,"featured_media":70012,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[37,36],"tags":[7211,6877,6928,6882],"class_list":["post-111283","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-forex-markets","category-market-updates","tag-currencies","tag-dollar","tag-euro","tag-forex"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/111283","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=111283"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/111283\/revisions"}],"predecessor-version":[{"id":111285,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/111283\/revisions\/111285"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/70012"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=111283"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=111283"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=111283"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}