European shares headed for weekly gains after ECB rate cut
- Posted on October 18, 2024
- By Business News Today
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European shares headed for weekly gains after ECB rate cut
The ECB trimmed its interest rates on Thursday to 3.25%, and while President Christine Lagarde did not provide hints on future moves, four sources close to the matter told Reuters a fourth cut in December is likely unless key data turns south in the coming weeks.
