According to online reports, Hussain Mehdi, macro and investment strategist at HSBC Asset Management, said in a report that the European Central Bank is expected to continue to gradually cut interest rates after cutting interest rates by 25 basis points on Thursday. Mehdi said the ECB's slow pace of interest rate cuts could boost the performance of risky assets in Europe. "Against the backdrop of fading exceptionalism in the United States, we believe that global stock market gains, including the excellent performance of eurozone stock markets, will continue further in 2025."