Fidelity European Trust PLC (LON:FEV) monthly factsheet for the period ended 31 January 2024.
Portfolio Manager Commentary
Continental European equities rose for a third consecutive month as investors drew comfort from upbeat corporate results and anticipated interest rate cuts by major central banks. As expected, the European Central Bank maintained its key interest rate at 4.0% and indicated that it is likely to implement its first rate cut in the Summer, whilst emphasizing the need for more evidence of disinflation to justify a more accommodative policy.