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Analysts: The European Central Bank's interest rate cuts and spending plans may boost European stocks.
On June 5, Jin10 reported that analyst Antonucci from Quintet Private Bank stated in a report that as the European Central Bank continues to cut interest rates, European stock markets may rise. The European Central Bank lowered interest rates by 25 basis points on Thursday, bringing the deposit rate down to 2.0%, in line with market expectations. Antonucci mentioned that plans to increase spending on defense and infrastructure could also boost European stock markets.