centralbanks
Two important pieces of evidence have been published, today and yesterday, adding weight to the case that the EU will begin interest rate cuts as soon as next month. Today, the European Commission published both its latest Euro-area GDP figures, and its Spring Economic Forecast, entitled ‘A gradual expansion amid high geopolitical risks’. European Commission’s forecastIn its forecast, the commission spoke on interest rates, saying that: Expectations for imminent and decisive rate cuts across the world have been pared back in recent weeks. In the euro area, where the European Central Bank last ...
Invezz
Poland's central bank is expected to keep interest rates unchanged at 5.75% for the seventh consecutive meeting, a Bloomberg survey of 27 economists has revealed. Central Bank Governor Adam Glapinski said last month that he would not cut borrowing costs, citing concerns about a potential rise in inflation because of higher food taxes and the potential removal of energy price limits. Poland's annual inflation rate fell in March, dropping to 1.9% from the previous month's 2.8% and beating market expectations of 2.2%. However, the Monetary Policy Council (MPC) highlights "substantial uncertainty"...
Euronews (English)
The US dollar index (DXY) and the price of gold retreated slightly after the Federal Reserve interest rate decision. The dollar moved from last month’s high of $106.50 to $105.70. It remains about 5% above its lowest point this year. US nonfarm payrolls aheadGold, on the other hand, has retreated from last month’s high of $2,432 to $2,320. Like the US dollar, gold remains significantly higher than the year-to-date low of $1,985. The main catalyst for the price of gold and the US dollar index was the Federal Reserve decision on Wednesday. In it, the bank decided to leave interest rates unchange...
Invezz
A more bankless society is on the horizon, where self-custody and innovative technologies grant individuals greater control and efficiency. Gnosis Pay's VISA debit cards, linked to a self-custodial wallet, not to a bank deposit, is the latest case in point, showcasing a move toward more independence from traditional banks and bank deposits. The banking industry, led by giants like JP Morgan, is at a crossroads, facing the dawn of the web3 era. While JP Morgan's recent exploration of deposit tokens represents a nod to the future, it predominantly aims to cement the status quo, preserving the he...
Euronews (English)
Eurozone inflation fell more than economists had anticipated last month, further solidifying expectations of monetary policy easing by the European Central Bank in the upcoming months. In March 2024, the annual consumer price inflation rate in the Euro Area dropped from 2.6% to 2.4%, according to preliminary data from Eurostat released on Wednesday. This marked a four-month low and fell below expectations of a stable reading. Notably, services had the highest annual rate in March (4.0%, unchanged from February), followed by food, alcohol & tobacco (2.7%, down from 3.9% in February), non-energy...
Euronews (English)
The small European country (8.8 million inhabitants) has been on this path for a few months now, with inflation generally slowing over the last year. February registered a slow deceleration compared with January's 1.3% rate. The Swiss Federal Statistical Office (FSO) said on Monday that prices continued to be on the rise in several categories, including air transport and housing rentals. On the other hand, common food items are getting cheaper, as well as beauty products. Switzerland's economy has remained overall healthier than the one of its EU neighbours, which have been hit harder by the e...
Euronews (English)
Insights from Ismael Garcia Puente, fund selector and manager at MAPFRE Gestión Patrimonial, one of the largest insurance companies in Spain and Latin America. Ismael believes that challenging markets and global economic uncertainty mean investors should seek to change their portfolio models this year. In his words, everything that worked well in the last decade, including technology, discretionary consumer spending and bonds, may not work well in the future. Q4 2022 hedge fund letters, conferences and more In 2022, inflation reached all-time highs; Europe, which thought it had left the great ...
ValueWalk
Retail investors should learn from countries buying gold’s dip 673 tons of gold has been purchased in total this year, the largest quantity in a single year since 1967, when the US Dollar was still fully backed by gold. Why are countries like Turkey, Uzbekistan, and Qatar buying gold at historic levels? Q3 2022 hedge fund letters, conferences and more Find A Qualified Financial AdvisorFinding a qualified financial advisor doesn't have to be hard. SmartAsset's free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset an...
ValueWalk
Brazil’s election result set to instil confidence after Lula pledges to renew global co-operationTech stock rally continues in Asia, but lockdown worries about manufacturing sparked in ChinaFTSE 100 opens lower, with mining stocks falling amid worries about slowing Chinese economyCaution expected to return to Wall Street with markets pricing in a higher peak interest rate levelWorries rise about food inflation as wheat prices jump 5% after Russia suspends Black Sea grain pactFocus will switch to Bank of England later this week as policymakers expected to raise rates by 0.75%Q3 2022 hedge fund ...
ValueWalk
The latest issue of ‘The Globe‘, Eurizon’s publication describing the Company’s investment view. In this issue, a focus is dedicated to “To what extent are central bank hikes priced in?”. ScenarioThe fight against inflation undertaken by the central banks remains the main focus theme for investors. The US inflation reading for May outline another increase again, prompting the Federal Reserve to accelerate its rate hike cycle; futures are now pricing in a point of arrival for the fed funds rate at 3.5% by the spring of 2023. The ECB has also taken a hawkish stance, announcing that will start hi...
ValueWalk
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