ECB ส่งสัญญาณ Hawkish และผลกระทบต่อหุ้นในยูโรโซน

Rates staying higher for longer is definitely going to cool growth. I'm more concerned about the smaller cap European tech that relies heavily on cheap financing, not just the big players like ASML. They'll feel the squeeze much faster.

It's an interesting point about the rate-sensitive sectors. While ASML is a strong company, a prolonged higher-for-longer scenario could certainly temper some of the enthusiasm, especially if future earnings are discounted more aggressively. Have you looked at how smaller, less established growth companies are reacting?

I agree, the longer rates stay elevated, the more pressure that puts on valuations for high-growth tech, especially those reliant on future earnings. How long do you think this hawkish stance will last before we see any softening?