European shares inch up after robust week; Bayer tanks

 (Reuters) -European shares edged higher on Monday after a strong week driven by aggressive bets on interest rate cuts, while drugs-to-pesticides group Bayer posted its worst day ever weighing on the healthcare sector and Germany’s benchmark index.

The pan-European STOXX 600 inched 0.1% higher after jumping nearly 3% last week.
As investors started pricing in 100-basis-point rate cuts for 2024 with the first one seen as soon as April, European Central Bank officials shunned market optimism, flagging still-high inflation and a somewhat resilient economy.

https://www.globalbankingandfinance.com/european-shares-inch-up-after-robust-week-bayer-tanks/

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