ECB and Swiss Central Banks Poised for Key Rate Cuts Amid Economic Challenges

European markets saw slight declines as investors awaited the European Central Bank's (ECB) final monetary policy decision of the year, with expectations of a 25-basis-point rate cut. The Swiss National Bank surprised with a 50-basis-point cut amid inflation challenges and a strong franc. Meanwhile, U.S. inflation data aligned with forecasts, and traders anticipate a Federal Reserve rate cut next week. Brunello Cucinelli shares rose despite a retail sector slump, while Inditex shares fell following disappointing results.