Weekly Market Directions 10th June 2024

Monday 10 June 2024

(Week 03rd June - 07th June 2024)

In this edition of Amundi's Weekly Market Directions:

The ECB initiates rate cuts after a long gap

  • As expected, the ECB reduced its policy rates for the first time in the last five years.
  • Slowing inflation allowed the central bank to take this step, but the ECB is likely to be vigilant on price pressures.
  • Given that the ECB acted before the Fed, this temporary divergence may create opportunities in European bonds.

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