- by
- 07 25, 2024
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European stocksDAX and bonds have had a lot to deal with in recent years, not least war, an and . Now things are looking up. Germany’s index of shares has added 14% since the start of November. Yields on French ten-year government bonds have dropped from 3.5% in October to 2.6%. Even Italian yields have fallen below 4%, from 5% in mid-October. Investors are upbeat in part because inflation is falling faster than expected. Yet their mood also reflects a grimmer reality: the economy is so weak that surely interest-rate cuts are not far away.
