European stocks set for lower open as positive sentiment falters ...Middle East

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European stocks set for lower open as positive sentiment falters
CNBC Pro: UBS expects the Fed to halve interest rates next year. Here are 3 of their preferred trades UBS has highlighted several stock ideas it favors for 2024, as it forecasts massive cuts for interest rates next year. The investment bank expects the U.S. will see slower economic growth and strong disinflation leading to an interest rate cut of 275 basis points. That would bring the Federal Funds Rate down from the current range of 5.25% and 5.5% to between 2.50% and 2.75%. Given the economic outlook, UBS strategists recommend a number of trades to clients for 2024. CNBC Pro has highlighted three of them. Subscribers can read more here. — Ganesh Rao CNBC Pro: ‘Pretty inexpensive rela

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