The economic outlook is relatively weak compared to the United States, and the European Central Bank is expected to continue cutting interest rates

The market expects the European Central Bank to announce further interest rate cuts on Thursday, reflecting the different stages of the economies in Europe and the United States. The U.S. economy is growing steadily, while the economic outlook in Europe is weak. Despite the eurozone's inflation rate being above the target level, European Central Bank President Christine Lagarde is confident that inflation will fall back to 2%. The market generally believes that the next two rate cuts are a foregone conclusion, potentially lowering rates to 1.5% or even lower. Political turmoil in Germany and France has exacerbated economic uncertainty, while Spain's strong economic performance highlights the divergence within the eurozone's economies