European markets are under pressure as the euro weakens and investors express skepticism about the region's ability to respond to economic challenges, particularly in light of the US's strong performance and impending trade tariffs. Despite some gains in European stocks, the disparity in competitiveness highlighted by Mario Draghi's report underscores the urgent need for decisive action to regain investor confidence. As the Eurozone grapples with sluggish growth and external pressures, tough decisions are essential to navigate this critical juncture.
The Bank of England is expected to cut interest rates by a quarter point, but uncertainty looms over future policy due to Donald Trump's potential re-election. Karen Ward from JP Morgan warns that Trump's tariff plans could lead to inflation spikes in Europe and China, while Citigroup's Ben Nabarro suggests that UK growth may falter, potentially bringing in cheaper goods from China and slowing price increases.
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