European stocks are expected to rise for the eighth consecutive week, setting a record for the longest continuous increase since 2018

According to reports from Jinshi, due to expectations of a rate cut by the European Central Bank, European stocks are expected to rise for the eighth consecutive week, marking the longest winning streak since 2018. The Stoxx 600 index has hit new highs in recent weeks. Investors are trying to balance signs of strong global economic growth with uncertainties about the timing of interest rate cuts by central banks around the world. Although several members of the European Central Bank have expressed openness to cutting rates in June, a series of strong economic data from the United States, including last night's release of the PPI report, raises doubts about the timing of the Federal Reserve's first rate cut. Luis Garcia, portfolio manager at Mapfre AM, said: "The main issue is when central banks will start cutting rates, but before doing so, they need to further contain inflation over a longer period."