Stock markets on both sides of the Atlantic reached all-time highs as risk-on sentiment dominated. In Europe, the Euro Stoxx 600 hit a record high after the European Central Bank reduced its policy rate for the first time since 2019 on Thursday. On Wall Street, the Nvidia legend once again fuelled the AI frenzy, sending the S&P 500 and Nasdaq to fresh highs on Wednesday. Meanwhile, the Bank of Canada also cut the interest rate, adding pressure on the US Federal Reserve to consider a similar move next week. This could spark concerns about a new round of currency wars if the rate cut race intens…