Markets of the Old World were far from proceeding at a high pace after peaking early in April. However, a day is going to come when some European assets will make up for their previously lost ground. The futures contracts for difference (CFD) for the Euro Stoxx 50 index composed of blue-chip stocks from all leading countries in the Eurozone eventually pushed upward after springing off the psychological support around 4,750 points. The major health barometer of the EU investment sentiment added 0.86% this Monday to approach a 4,850 area for the beginning. Shares of Hermes (+4.75%), Adidas (+3.18%), Munich Reinsurance (+2.93%), Inditex (+2.87%), SAP SE software and business management solutions (+2.73%), Siemens (+2.71%) and BMW (+2.66%) were seen among the best performers of the day, with a Germany-based SAP SE (+65.0%), an Italian multinational banking group Unicredit (+49.3%) and a Dutch-rooted e-commerce operator Prosus (+43.1%) being the top-3 companies in terms of year-to-date price gains. One of my favourite stocks, Airbus Group (AIR), gained for the fourth consecutive days to conquer its €150 barrier.

Rosy prospects for stakeholders and index investors are distinctly noticeable due to the European Central Bank's (ECB) clearer intention to continue cutting borrowing costs before the year-end. A few comments from the Governor at the Bank of Greece and one of the ECB policymakers Yannis Stournaras provided the European bulls with a stark reminder of the regulator's currently firm stance. At the very first working day of the month, he shared a view that the ECB "will continue cutting interest rates in December". This remark freshly made at a conference in Athens luckily coincided with new historical highs in the S&P 500 broad market indicator of Wall St above 6,050, as well as in the tech-heavy Nasdaq Composite during the same trading session. Such synchronization is fundamentally removing the last obstacles for the Euro Stoxx 50 to pave the path for the higher goals, supposedly above 5,100 points, in its simultaneous Santa rally with the US indices, which appears to have already started. Even Trump's tariff threats seem to be powerless to revoke this wave of optimistic mood.