James Stewart European Quotations

Investors will be looking for clues for interest rate cuts. A U.K. rate cut is expected in February, the European Central Bank is most likely to cut rates sometime at the end of the first quarter, start of the second quarter.

The euro can be a serious problem for the U.S. but there is little the European Central Bank can do; it's already raised rates aggressively, ... The euro could gently descend to 80 cents.

The implication of that for the euro zone as a whole is that there will be increased pressure on the European Central Bank to cut rates after it returns from its August summer break.

A half (percentage) point cut will offer some comfort to the European markets, ... A quarter is not helpful.