WS #16917
European Central Bank Governing Council member Ante Zigman indicated that borrowing costs are likely to rise next month for the third time since the Iran war began, cementing a hawkish trajectory for European rates. This stance, combined with strong US economic data, suggests that global liquidity remains constrained, placing pressure on high-multiple growth stocks and REITs. The persistent rate hike cycle dampens the bullish momentum seen in crypto and tech following the US midterm elections.
Monetary Policy & Macro Rates
European Central Bank Governing Council member Ante Zigman indicated that borrowing costs are likely to rise next month for the third time since the Iran war began, cementing a hawkish trajectory for European rates. This stance, combined with strong US economic data, suggests that global liquidity remains constrained, placing pressure on high-multiple growth stocks and REITs. The persistent rate hike cycle dampens the bullish momentum seen in crypto and tech following the US midterm elections.