Snippets from Barclays, in summary:
- Shorter term we worry the ECB will need to cut more than expected to stabilise the economy
- seeing only slow growth in the European Union
And, not just the ECB that’ll keep cutting, Barclays is bullish US equities despite stocks being near record highs:
- path of least resistance remains to trade higher
- global rate cutting cycle and China stimulus is keeping a soft landing for the economy on track
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This article was written by Eamonn Sheridan at www.forexlive.com.
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