Europe's Rate-Cut Rollercoaster 🎢
The ECB and SNB are shaking things up with rate cuts to tackle sluggish growth and inflation. The SNB stole the show with a surprise 50-basis-point cut, boosting Swiss stocks and making exports cheaper. Meanwhile, the ECB played it safe with a 25-basis-point trim, keeping its options open for future moves.
European stocks held steady, but the real action was in currency markets, with traders eyeing the euro and Swiss franc. As Europe navigates political and economic uncertainties, the big question is whether these cuts will spark growth. Optimism is in the air, but the stakes are high! 📈