European stocks close at all-time high after ECB delivers as expected

The European Central Bank delivered a 25 basis point rate cut yesterday and their comments left investors and traders alike expecting more cuts to come. The Stoxx 600 Index closed at a new all-time high. A busy day for earnings in both Europe and the US saw results from some of the big names and more news from the Magnificent 7. Microsoft, Meta, Tesla, and Apple all saw their shares move higher on the day and the major US indices ended the session in positive territory. Tim Gagie, Head of FX & PM Solutions Geneva, joins the podcast to talk about the reaction of the euro to the ECB rate cut and provide an overview of precious metals in light of gold reaching a new all-time high.

00:00 Introduction by Helen Freer (Investment Writing)

00:23 Markets wrap-up by Bernadette Anderko (Investment Writing)

07:17 FX and metals: Tim Gagie (Head of FX & PM Solutions Geneva)

11:23 Closing remarks by Helen Freer (Investment Writing)

Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or wherever you get your podcasts.