Hedge funds cut NFLX, keep big bets on MSFT, AMZN, add NVDA
Investing.com -- The economic forecast for the euro zone is being influenced by concerns over a potential trade war with the United States.
Despite this, the European Central Bank’s 2% inflation target is becoming increasingly achievable, according to Luis de Guindos, the ECB’s vice-president. He made these remarks on Friday.
De Guindos conveyed optimism about the inflation situation during a Spanish event, which he attended via video-link.
He stated, "We have good news on inflation." He further noted that even though there may be uncertainties surrounding economic growth, the process of disinflation is ongoing.
The ECB vice-president expressed confidence that the central bank’s definition of price stability, which is a 2% inflation rate, will be met sustainably over the next few quarters.
This comes as the euro zone navigates the complex economic landscape marked by fears of a trade conflict with the U.S.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.