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European Equities Traded in the US as American Depositary Receipts Rise Thursday
Traders are making large bets that the European Central Bank will implement a single 50 basis point rate cut before the middle of the year.
Traders are heavily betting that the European Central Bank will implement at least one 50 basis point interest rate cut by the middle of this year. Data shows that traders' bets are primarily concentrated on Options linked to the 3-month Euribor financing rate maturing in June, with these bets rapidly accumulating since the beginning of this year. Particularly, one of the bets indicates that if policymakers cut rates by 125 basis points over the next four meetings, a profit of over 11 million euros (11.46 million dollars) could be gained, which is 25 times the initial investment. This suggests that market participants are wagering that one of the meetings will result in a 50 basis point cut. European Central Bank policymakers.
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