European shares are on the track for weekly gains thanks to a rate cut by the European Central Bank (ECB). The move, designed to stimulate economic growth and counteract inflation, has increased investor confidence and led to a positive performance in the stock market. This is great news for investors, who benefit when share prices increase. Additionally, the lower interest rates make borrowing cheaper, which can encourage businesses to invest and expand, potentially leading to further economic growth.
In addition to the cuts, the ECB also
