ECB
Bank of America predicts that the European Central Bank (ECB) might accelerate its interest rate cuts if the French elections lead to increased market risks. "The main risk from here is whether French developments end up leading to a persistent tightening of financial conditions and a sustained uncertainty shock," Bank of America economist Ruben Segura-Cayuela wrote in a recent note. Bank of America cautions that larger shocks from the French elections could lead to weaker Euro area growth, faster disinflation, and a more rapid ECB rate-cutting cycle. Bank of America’s euro area outlookWhile t...
Euronews (English)
Bulgaria can’t join the eurozone due to its high inflation, the European Central Bank has said in a report on Wednesday. That’s set to cause disappointment in Sofia, which is seeking to become the 21st member of the currency zone, despite popular concerns it might exacerbate price rises in the Balkan state. “Limited progress has been made by non-euro area Member States of the European Union on economic convergence with the euro area since 2022,” the ECB said in a press release. Prices in Bulgaria are rising at an annual 5.1%, 1.8 percentage points higher than they’d need to be to join the curr...
Euronews (English)
Eurozone financial markets are bracing for weeks of heightened volatility with the upcoming French parliamentary elections. The first round is scheduled for Sunday this week, with the second and final round on 7 July. Recent polling data from Harris Interactive, Ifop, Elabe, Ipsos, Odoxa, OpinionWay, and Cluster17 indicate that Marine Le Pen's National Rally (RN) is leading with a median 35.4% of preferences, followed by the far-left New Popular Front (NFP) at 28.1%, and President Emmanuel Macron's Renaissance at 20.8%. France faces political paralysis: Four scenarios for the French electionsF...
Euronews (English)
Despite a rate reduction by the European Central Bank, the Bank of England (BoE) is widely expected to keep the policy rate at 5.25% on Thursday, although inflation in the UK eased to the 2% target level in May. The bank is likely to maintain a cautious tone on the rate trajectory and signal that a rate cut may be on the horizon later this year, possibly in August, according to Reuter's consensus. The economic trajectory may encourage an August cutRecent economic data showed that the UK's economy has slightly improved, with first-quarter GDP growth rising to 0.6% from a 0.3% contraction in the...
Euronews (English)
Investment sentiment soured amid political uncertainties in France, leading to significant market reactions. The French benchmark, the CAC 40, tumbled 6.23% last week, reaching a nearly five-month low and wiping off approximately €187 billion of market value. The euro also weakened against the US dollar, dropping to just above 1.07 early in the Asian session on June 17, marking its lowest level in six weeks. In contrast, safe-haven assets such as the US dollar, gold, and the Swiss Franc saw gains as investors grew increasingly concerned about potential spill-over risks from the European Union'...
Euronews (English)
European stock markets resumed their rally, with tech stocks taking the lead following cooler-than-expected inflation data from the United States. Major benchmark indices reversed losses caused by election jitters earlier in the week, with the Euro Stoxx 600 up by 1.01%, the DAX rising by 1.49%, and the CAC 40 climbing by 0.97% on Wednesday. The swift rebound may suggest that the decline in the European markets provided an opportunity for dip-buyers amidst central banks' rate-cut trajectories. Central banks on rate cut trajectoriesThe Fed kept its benchmark rate unchanged at between 5.25% and ...
Euronews (English)
The President of the European Central Bank (ECB), Christine Lagarde, has defended the bank's recent interest rate cut and dampened expectations of further cuts. The central bank still assumes that the inflation target of two per cent in the medium term can be achieved in the coming year, Lagarde said in a joint interview with several European economic newspapers published on Monday. Against the backdrop of the recent rise in inflation in the single currency area, however, the central bank's head also made it clear that "the battle" had not yet been won. Last week, the ECB implemented the first...
DPA International
The President of the European Central Bank (ECB), Christine Lagarde, has defended the bank's recent interest rate cut and dampened expectations of further cuts. The central bank still assumes that the inflation target of two per cent in the medium term can be achieved in the coming year, Lagarde said in a joint interview with several European economic newspapers published on Monday. Against the backdrop of the recent rise in inflation in the single currency area, however, the central bank's head also made it clear that "the battle" had not yet been won. Last week, the ECB implemented the first...
DPA
The President of the European Central Bank (ECB), Christine Lagarde, has defended the bank's recent interest rate cut and dampened expectations of further cuts. The central bank still assumes that the inflation target of two per cent in the medium term can be achieved in the coming year, Lagarde said in a joint interview with several European economic newspapers published on Monday. Against the backdrop of the recent rise in inflation in the single currency area, however, the central bank's head also made it clear that "the battle" had not yet been won. Last week, the ECB implemented the first...
DPA Breaking News
The euro, serving as the official currency for 20 members of the European Union, has seen a sharp decline since Friday as uncertainties arise amid a far-right surge in the EU Parliamentary elections. The far-right parties gained notable support, despite the incumbent leader, Ursula von der Leyen claiming a victory. At 12:48 am Central European Time, the euro tumbled 1% against the US dollar since the market opened on Friday, reaching 1.0774, a nearly one-month low. Meanwhile, the single currency weakened against the British pound to 0.8469, the lowest level since August 2022. The euro also fel...
Euronews (English)
閲覧を続けるには、ノアドット株式会社が「プライバシーポリシー」に定める「アクセスデータ」を取得することを含む「nor.利用規約」に同意する必要があります。
「これは何?」という方はこちら