Market News: Hungarian Prime Minister Orban and Turkish President Erdogan discuss US sanctions against Gazprom.Institution: The European Central Bank may further cut interest rates by 100 basis points in 2025. Des Lawrence, an analyst at State Street Global Investment Management, said that after the European Central Bank cut interest rates by 25 basis points, it may cut interest rates by another 100 basis points in 2025. The senior investment strategist said in a report that the European Central Bank can and should cut interest rates further in the coming quarters. Lawrence said that the recent PMI data shows that the economic slowdown is expanding beyond the troubled manufacturing industry, and the service industry is also under pressure.Trump: If Kennedy Jr. takes action, he will have a "big discussion" on ending the children's vaccination program.
Stellantis: After rejoining ACEA, it will be consistent with its proposal. Jean-Philippe Imparato, head of Europe for Stellantis, said on Thursday that Stellantis decided to rejoin the European automobile lobby group ACEA, which means that the automobile manufacturer will immediately be consistent with the group's proposal. Stellantis said last week that he would rejoin ACEA, and the group withdrew in early 2023. Under the leadership of Carlos Tavares, CEO who resigned earlier this month, the group had previously opposed ACEA's call for reducing the EU's intermediate carbon emission reduction target in 2025, saying that it might bring billions of dollars in losses to the automobile industry.Trump reiterates tax cuts.Adobe(ADBE.O) fell by 12%, the biggest one-day drop since March 15th.
Adobe(ADBE.O) fell by 12%, the biggest one-day drop since March 15th.The yield of Italian 10-year government bonds rose by 9 basis points to 3.28%, the highest level since December 2.Market News: Ibrahim Karin, Director of Turkish Intelligence Agency, has arrived in the Syrian capital.