interestrates
Following a brief rise in May, the annual inflation rate in the eurozone eased in June, aligning with economists' expectations and bolstering hopes for potential interest rate cuts by the European Central Bank (ECB). The harmonised index of consumer prices in the eurozone rose by 2.5% year-on-year in June, a slight decline from the 2.6% recorded in the previous month, according to preliminary estimates from Eurostat released on Tuesday. On a monthly basis, inflation advanced by 0.2%, maintaining the same pace as in May. Belgian inflation soars to highest level in 10 monthsGerman inflation sees...
Euronews (English)
The preliminary estimates for the year-on-year German inflation report for June have been released, showing a slight drop to 2.2%, down from 2.4% in May, according to the Federal Statistical Office. This was also below analyst expectations of 2.3%. June's figure remained the same as for both March and April. The June drop was mainly supported by goods inflation falling to 0.8% in June, from 1% in May, as well as energy costs dropping to -2.1% in June, down from from -1.1% on the previous month. However, food inflation grew to 1.1% in June, from 0.6% in May, while services inflation stayed most...
Euronews (English)
Financial markets will focus on several key economic data points that could shape market trends for the week. The Eurozone is set to release its estimated inflation reading for June, while leaders of global central banks are poised to speak at the ECB Forum. Additionally, the US is scheduled to release key jobs data, which will provide insights into the Fed’s interest rate trajectory. The UK's general election will also be in the spotlight. EuropeGermany will report its preliminary CPI for June. The country’s annual inflation increased to 2.4% in May, the highest in five months. Costs in servi...
Euronews (English)
Political uncertainties continued to weigh on market sentiment in Europe, with most regional stock markets heading for a negative close this week. On the other side of the Atlantic, Wall Street extended its upward momentum amid a rally in tech stocks. Meanwhile, equities across Asia are mixed due to varying economic dynamics. EuropeMost European benchmarks are lower in their weekly performance, with the Euro Stoxx 600 down 1.07%, the CAC 40 down 1.28%, and the FTSE 100 falling 0.70%. The DAX is the only index in positive territory, up 0.23% over the past five trading days. Equities in France a...
Euronews (English)
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)
Alineándose con las expectativas, el Banco de México decidió mantener su tasa de interés de referencia en un 11.00% en junio de 2024, marcando el segundo período consecutivo sin cambios. Se prevé que la economía global continuará expandiéndose en el segundo trimestre del año, aunque a un ritmo más lento, mientras que la inflación generalmente está en descenso en las economías avanzadas. Volatilidad en los mercados financieros de MéxicoEn junio, los mercados mexicanos experimentaron una notable inestabilidad en medio de una situación global complicada. La incertidumbre y la presión económica en...
Invezz - ES
Average salaries in the United Kindom fell back 0.1% to £38,765 (€45,736) from April to May, the first decline since last October, according to Adzuna's latest jobs report. Although it is a small decline, a slow down in wage growth could allay fears about future rises in inflation and increase the chances of a rate cut by the Bank of England (BoE). The Bank held rates at 5.25% again last week but economic indicators suggest a rate cut is in the offing. Inflation fell back to the Bank's 2% target for the first time in three years last week, paving the way for a rate cut as soon as August. Job v...
Euronews (English)
The International Monetary Fund (IMF) has released its 2024 Concluding Statements on Common Policies for member countries, highlighting both the progress and the persistent challenges facing the euro area economy. Following the disruptions caused by the pandemic, Russia’s gas supply halt, and the ongoing war in Ukraine, the region is gradually recovering. Inflation rates are moving towards target levels, and banks have demonstrated resilience amid rising interest rates. Weekly Recap: European markets stabilise as French election approachesNonetheless, significant challenges persist, such as re...
Euronews (English)
The Swiss National Bank announced on Thursday morning that it would be cutting interest rates to 1.25%, a further decrease of 25 basis points. This is mainly due to the central bank anticipating that although inflation did increase slightly in April, coming up to 1.4% in May, it is now expected to come down to about 1.3% for the rest of the year, as inflationary pressures reduce. Furthermore, if interest rates remain constant at 1.25%, the central bank also conditionally expects inflation in 2025 to touch 1.1% and in 2026 to come down once more to 1%. Regarding their interest rate decision tod...
Euronews (English)
The Bank of England decided to keep the Bank Rate unchanged at 5.25% for the seventh straight meeting during its June meeting, as widely predicted by market participants. Seven members of the Monetary Policy Committee voted to keep rates unchanged, while Swati Dhingra and Dave Ramsden favoured a 0.25 percentage point reduction, bringing the rate to 5%. In its statement, policymakers noted that the restrictive monetary policy is weighing on real economic activity, leading to a looser labour market and curbing inflationary pressures. Despite the labour market easing, the Bank of England highligh...
Euronews (English)
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