Oriental Wealth Network on the 11th, European stock markets rose intraday, the main stock index rose about 1% across the board, as of press time, the European Stoxx 600 rose 1%. The UK's FTSE 100 rose nearly 1%, the German DAX index rose 1%, and the French CAC 40 index rose 1.2%.
In terms of news, Morgan Stanley lowered its economic growth forecast for the euro zone in 2019, but believes it will rebound slightly in 2020.
The bank expects the euro zone's economic growth rate to be 1% in 2019, which is about 0.6 basis points lower than previously expected. Although there is room for partial recovery in the Eurozone economy, there is no expectation of prosperity.
Morgan Stanley said that once some temporary factors that inhibit economic growth are gradually disappearing, it is expected that the economic growth rate will return to a level closer to the trend. It is expected that the economic growth rate of the euro zone in 2020 will be around 1.3%. The bank said that if an economy's economic growth rate is lower than the trend level, it will no longer put upward pressure on prices and costs. Therefore, Eurozone inflation is expected to fluctuate laterally for most of this year and will only rise slightly by 2020.