Analyst: European Central Bank interest rate cuts and spending plans may boost European stocks.

Analyst Antonio Anonucci of Quintet Private Bank said in a report that with the European Central Bank continuing to lower interest rates, European stock markets may rise. The European Central Bank lowered interest rates by 25 basis points on Thursday, bringing the deposit rate to 2.0%, in line with market expectations. Anonucci said that plans to increase defense and infrastructure spending could also boost European stock markets.