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Nov 17 Reuters European shares rose on Friday and were set for weekly gains, boosted by healthcare stocks, while investors keenly awaited inflation data for further proof of easing price pressures across the board.
The panEuropean STOXX 600 rose 0.9 by 0930 GMT and eyed a weekly rise of 2.8, boosted by a fall in bond yields on expectations that central banks39; monetary policy tightening has peaked.
Euro zone longdated yields hit fresh twomonth lows on Friday, with money markets fully pricing in 100 basis points rate cuts by the European Central Bank by end2024.
When you39;ve got growth slowing in the U.S., that39;s increasing expectations that central banks around the world will be likely to follow suit, said Giles Coghlan, chief market analyst at brokerage GCFX.
With Europe39;s growth prospects looking bleak, markets are only naturally starting to look for rate cuts.
All eyes will be on the euro zone inflation print later in the day, after data throughout the week signalled softening inflation in the United States and the UK.
Nevertheless, some caution around the impact of past rate hikes on economic growth and company earnings also prevailed.
Fresh data showed British retail sales volumes fell unexpectedly in October, in a new warning sign for the economy.
Real estate stocks, often…