Economics: ECB expected to raise rates

The European Central Bank looks set to implement another interest rate rise later this week, accordi...

The European Central Bank looks set to implement another interest rate rise later this week, according to Ewen Cameron Watt, head of investment strategy and research at Merrill Lynch Investment Managers. Since the start of the year to 28 February, the European western markets have fared both in relative and absolute terms. Compared to the FTSE 100’s rise of 3.43%, the DJ Eurostoxx 50 index has only just lagged at 3.06% in sterling terms and has outpaced the S&P 500, which has gained 2.50% in sterling terms over the same time frame. The major individual markets on the continent have done b...