Is Linde plc (LIN) The Best European Stock To Buy According to Hedge Funds? [Yahoo! Finance]
Linde plc (LIN)
Last linde plc earnings: 2/13 07:10 am
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Source: Yahoo! Finance
Linde plc (NASDAQ:LIN) stands against the other European stocks according to hedge funds. In a move that was largely expected, the European Central Bank (ECB) announced on October 17, to cut interest rates by a quarter point, bringing the deposit rate down to 3.25%. This marks the first consecutive rate cut since 2011 and is a clear indication of a global cutting cycle. The ECB's decision is seen as a response to the current economic climate, in which inflation is expected to rise again before eventually declining to target levels. While the headline inflation rate is currently below target, the core rate is higher. The ECB has also stated that it is not committing to a particular rate path, suggesting that future decisions will be made on a case-by-case basis. The rate cut is also part of a broader effort to reduce the ECB's balance sheet and scale back its pandemic emergency programs. This move is seen as a sign that the ECB is confident in the European economy's ability to with
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News
- Linde plc (NASDAQ: LIN) had its "hold" rating re-affirmed by analysts at Erste Group Bank AG.MarketBeat
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LIN
Earnings
- 10/31/24 - Beat
LIN
Sec Filings
- 11/8/24 - Form 3
- 11/4/24 - Form 8-K
- 10/31/24 - Form 10-Q
- LIN's page on the SEC website