Golden Finance reported that Hussain Mehdi, macro and investment strategist at HSBC Asset Management, said in a report that the European Central Bank is expected to continue to cut interest rates gradually after 25 basis points on Thursday. Mehdi said the ECB's slow rate cut could boost performance in Europe's risky assets. “In the context of the gradual decline of American exceptionalism, we believe that global stock market growth, including the excellent performance of the euro zone stock market, will continue further in 2025.”