ecb
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)
The European Central Bank lowered its main interest rates this week for the first time since 2019, but ECB chief Christine Lagarde is dashing prospects of further cuts in the near future. Inflation in the euro currency area was "currently on a good path" to reach the ECB's target of 2%, Lagarde wrote in an op-ed for Germany's Rheinische Post newspaper published on Saturday. "However, it will take quite some time before inflation is completely banished from the economy," Lagarde added, warning of bumps in the road ahead. "Vigilance, commitment and perseverance will be required along the way," w...
DPA International
The European Central Bank lowered its main interest rates this week for the first time since 2019, but ECB chief Christine Lagarde is dashing prospects of further cuts in the near future. Inflation in the euro currency area was "currently on a good path" to reach the ECB's target of 2%, Lagarde wrote in an op-ed for Germany's Rheinische Post newspaper published on Saturday. "However, it will take quite some time before inflation is completely banished from the economy," Lagarde added, warning of bumps in the road ahead. "Vigilance, commitment and perseverance will be required along the way," w...
DPA
The European Central Bank lowered its main interest rates this week for the first time since 2019, but ECB chief Christine Lagarde is dashing prospects of further cuts in the near future. Inflation in the euro currency area was "currently on a good path" to reach the ECB's target of 2%, Lagarde wrote in an op-ed for Germany's Rheinische Post newspaper published on Saturday. "However, it will take quite some time before inflation is completely banished from the economy," Lagarde added, warning of bumps in the road ahead. "Vigilance, commitment and perseverance will be required along the way," w...
DPA Breaking News
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